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FX Option Trading
Posted: August 18th, 2005, 8:15 am
by Manishs
Since FX market is a 24 hour market, how does it affect the trades of different traders trading from different parts of the country?Please help.
FX Option Trading
Posted: August 18th, 2005, 2:44 pm
by bskilton81
The big firms will always have an open trading desk. So you can basically always find a counterparty no matter the time of day (except maybe on the weekend).If I want to trade EURNZD at 11:00pm Chicago, I get ahold of a Bank's "Asian" desk. If I want to trade at 11:00 am, I will get ahold of the NY desk. Keep in mind, though, that the Asian desk may be located in NY, but works Asian hours.
FX Option Trading
Posted: August 18th, 2005, 9:18 pm
by quantstudent19
yes, big firms do have an open desk 24 hours a day, but not all ccy pairs trade 24 hrs a dayEURUSD options mkt is dead during Asian hours, so is CAD in London timefor traders, the main thing is you dont actually have a book of your own. you need to share it with one or 2 people.