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Product Specifications - Currency

Exchange

PHLX

Exercise Style

European and American.

Premium Quotations

Stated in cents per unit of underlying currency, except the Japanese yen which is quoted in hundredths of a cent. Minimum tick is 0.01¢ for all currencies except the Japanese yen which is 0.0001¢.

Examples

  1. A premium quotation of 2.48 for an option on the British pound represents a premium payment of $0.0248 x 31,250 = $775;
  2. A premium quotation of 0.23 for an option on the Japanese yen represents a premium payment of $0.000023 x 6,250,000 = $143.75.

For more information please visit the Currency Options area on the PHLX website.