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FX options markets conventions
Hello,I'm justing starting off in the fx options market and have found the convention for quoting options prices to be very confusing. It seems to focus on ATM options, 25 delta risk reversals and 25 delta butterflys etc where the convention for ATM and 25 delta etc is (to me at least) ambiguous. Does anybody know of a good primer / paper / book that explains all of these conventions in a clear unambiguous way. I work on the buy side and have been amazed to see that none of the banks seem to have any literature on this topic.Many thanks ...
Last edited by grafton on February 7th, 2008, 11:00 pm, edited 1 time in total.
FX options markets conventions
This is probably the best primer available, if anyone has another even better:Malz