FX Options Going Electronic!

My understanding has been that there's not much point in using fx options in conjunction with cme futures if that is your primary vehicle? Correct me if wrong.
 
Quote from illiquid:

My understanding has been that there's not much point in using fx options in conjunction with cme futures if that is your primary vehicle? Correct me if wrong.
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CME FX options and CME FX futures are funglible. Did I not understand your question?
 
Quote from Maverick74:

CME FX options and CME FX futures are funglible. Did I not understand your question?
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Forgive my newb mentality when it comes to options (doesn't go far beyond puts and calls), I just meant if one were just trading currency futures intraday as their primary vehicle, there's not much practical advantage to using puts and calls to either substitute or hedge. Nevermind, it was a dumb question. :)
 
Quote from Maverick74:

My guess is they will trade like the ETF's. So if the Euro is 1.2710, it would trade like a $127.10 stock. So notional value of $12,710.
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Right, hence the use of "units" ... 10k EUR units = $12,710.
 
Quote from Maverick74:

My guess is they will trade like the ETF's. So if the Euro is 1.2710, it would trade like a $127.10 stock.
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Forgive another newb question, but how are these options if they trade like ETF's? Are they not like normal options with strike prices?
 
Quote from riskarb:

Figures... our moronic exchange community defies conventions and prices them inverted to the standard. Here's a yen quote: .008540. Oh wait, they'll move that sneaky decimal two places: .8540. Much better!

These are vanilla options.
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If I recall correctly they are obligated to quote in USD and thus the inverted quote for some currencies.

Perhaps a more interesting question is: why are some quoted in USD and and others not in the FX and banking world?
 
Will IB take options positions into account when calculating margin requirement on IdealPro?

(By the way do you take futures options positions into account currently?)
 
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