SEC restriction against trading foreign options?

Discussion in 'Options' started by d0rian, Aug 27, 2019.

  1. Polle

    Polle

    Yes they can. You just have to have a multicurrency account. NEDBANK for example will do tjat.
     
    #21     Jan 20, 2020
  2. ajacobson

    ajacobson

    The challenge is having a reciprocal regulatory agreement. Otherwise, you'll need to file an affidavit demonstrating you are a qualified individual, an institution or a B/D dealing with one of those. You can see the rules and affidavit on Eurex's website. Index stuff on the CFTC side is different and available to US retail - SEC-regulated requires RRA. If they're not available via Eurex you should check the foreign exchange's website.
    Qualified investors or institutions will find them available from almost every international bank and be aware they ain't cheap to trade. The obstacle - generally is the cost of providing the SEC the regulatory access and the cost.
    Generally, $100,000,000 account size, but the dealing banks can work for exceptions, but your still talking material account size.
     
    #22     Jan 21, 2020