Forex Option Rates
- Direct institutional trading and direct B2B access to our streaming FX liquidity.
| Forex Options |
Ticket Fee Threshold |
| AUDJPY |
AUD 100,000 |
| AUDNZD |
AUD 100,000 |
| AUDUSD |
AUD 100,000 |
| CADJPY |
CAD 100,000 |
| CHFJPY |
CHF 100,000 |
| CHFTRY |
CHF 100,000 |
| EURAUD |
EUR 100,000 |
| EURCAD |
EUR 100,000 |
| EURCHF |
EUR 100,000 |
| EURCZK |
EUR 50,000 |
| EURGBP |
EUR 100,000 |
| EURHUF |
EUR 50,000 |
| EURJPY |
EUR 100,000 |
| EURNOK |
EUR 100,000 |
| EURNZD |
EUR 100,000 |
| EURPLN |
EUR 50,000 |
| EURSEK |
EUR 100,000 |
| EURTRY |
EUR 50,000 |
| EURUSD |
EUR 50,000 |
| GBPCAD |
GBP 100,000 |
| GBPCHF |
GBP 100,000 |
| GBPJPY |
GBP 100,000 |
| GBPUSD |
GBP 50,000 |
| NOKSEK |
NOK 1,000,000 |
| NZDJPY |
NZD 100,000 |
| NZDUSD |
NZD 100,000 |
| USDCAD |
USD 100,000 |
| USDCHF |
USD 50,000 |
| USDHUF |
USD 50,000 |
| USDJPY |
USD 50,000 |
| USDNOK |
USD 100,000 |
| USDPLN |
USD 50,000 |
| USDSEK |
USD 100,000 |
| USDTRY |
USD 50,000 |
| USDZAR |
USD 50,000 |
| USDILS |
USD 50,000 |
| XAGUSD |
XAG 5,000 |
| XAUUSD |
XAU 100 |
Bid/Ask Spreads and Autoexecution
Saxo Capital Markets uses a variable bid / ask spread and autoexecution limit pricing model for currency options. This flexibility allows us to provide current, two-way, competitive market consistent pricing. Since Saxo Capital Markets always quotes both the bid and ask price (see Forex options at Saxo Capital Markets), the current spread is always visible to the client when requesting an option price. As Saxo Capital Markets continues to increase its profile and participation in the direct interdealer market, these benefits will be passed on to all of our clients and partners.
Ticket Fees for Low-Value Trades
For trades below the Ticket Fee Threshold, a small ticket fee of USD 10 is added to the trade to cover administration costs.
Forex Options Margin Requirements
Margin requirements for Forex Option positions take into account changes in:
- volatility.
- spot price of the underlying asset.
- open positions (that effectively reduce the risk associated with your Options positions).
The margins for Forex Options are also subject to a volatility factor that may increase the margin requirements. This factor is directly related to the time-to-expiration of the Option.
Margin Calculations
Margin requirements for Forex Options consist of a:
- Delta Margin which is related to the exposure to changes in the spot market.
- Vega Margin which is related to changes in the volatility of the underlying spot Forex cross.
This allows you to hedge spot positions with Forex Options with lowered margin requirements. This service, previously only offered to Professional Traders, is now available to retail traders.
Exercise Procedure
Forex Options that are 'in the money' are automatically exercised at 10.00 A.M. New York time (New York cut) on the day of expiry where they are converted to a spot position. This spot position is subject to the usual profit/loss if the spot price moves from the exercise price. If you already have an offsetting position at the time of exercise, the exercised position will be netted out on the following day.