EM options taking the lead
NEWS
The survey of 11 banks found nearly $13 trillion of overall options trading volumes for US dollar/all other non-European Union, representing 33.6% of total trades.
“The difference is that investors are now using options to express carry trades, this is one reason volumes have increased,” said Peter Rading global head of forex options trading at Royal Bank of Scotland in London. He pointed to hedge funds and bank prop trading desks buying Turkish currency calls to exploit the interest rate
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