Exchange Traded Currency Options Explained

A currency option is a contract which gives the buyer the right, but not the obligation, to buy or sell a specified currency at a specified exchange rate on or before a specified date. Most trading takes place over the counter (OTC) and is less regulated, but a fraction is traded on exchanges like the Philadelphia Stock Exchange, International Securities Exchange, or the Chicago Mercantile Exchange for options on futures contracts.
Check out NSE Academy Certified Currency Derivatives course for better understanding.

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