Options on Chinese Yuan

Discussion in 'Options' started by fourplates, Oct 31, 2014.

  1. fourplates

    fourplates

    Hi everyone,

    First post here. I'd like to buy options on Chinese Yuan (RMB). The only place I see this type of contract available is via RMB future options on the CME. That said, there appears to be near 0 volume on those futures, so I'm not sure what my best options are. I'm currently using Interactive Brokers.

    Thanks in advance for the help.
     
    #1     Oct 31, 2014
    Share
  2. Martinghoul

    Martinghoul

    These trade mainly OTC and, even then, it's traded as USDCNH options, rather than USDCNY.
     
    #2     Nov 3, 2014
    Share
  3. Fuzzy Dunlop

    Fuzzy Dunlop

    I have never bought an OTC option before, what broker can I use?

    Specifically for USDCNH, I think Saxo Bank has OTC options but I am in America so I cant use them. Where else can I buy some?
     
    #3     Nov 3, 2014
    Share