Contract Details: FX Daily
IG Markets offers a full range of call and put options on Forex products.
IG Markets only gives you an exposure to changes in option prices. Therefore, buyers cannot choose either 'exercise' or not and sellers do not face 'obligation' or 'demise obligation' from the buyers' exercise.
Trading period (time to the settlement) of FX option trading is set daily. As for Forex trade we quote an 'all in spread' that includes both dealing spread and market spread.
| Market | USD/JPY option | Underlying asset |
USD/JPY | |||||
|---|---|---|---|---|---|---|---|---|
| Value of one contract (per point) |
1,000JPY (0.01JPY x 100,000USD) |
Trade value | 100,000 USD/1lot | |||||
| Unit | Option price 1 point = 0.01JPY( underlying asset) | |||||||
| Margin requirement Put/Call (１lot) |
Buy | Option price×1,000JPY (＝maximum loss) | Spread | |||||
| Sell | 200,000JPY( subject to variation from the market rate) | 4～6 | ||||||
| Dealing hours Japanese time (Summer time) |
Trade starts | End of order acceptance |
End of trade | Trade starts after public holiday |
||||
| Previous day 21:00～ |
Current day 19:59 |
Current day 20:00 |
08:00 | |||||
| Settlement basis | Settles basis the first print, recorded by Bloomberg (E&OE) after market closure. | |||||||
| Market | EUR/JPY option | Underlying asset |
EUR/JPY (middle of our quote in PureDeal) | |||||
|---|---|---|---|---|---|---|---|---|
| Value of one contract (per point) |
1000JPY (0.01JPY x 100,000EUR) |
Trade size | 100,000 EUR /1lot | |||||
| Unit | Option price 1 point = 0.01JPY( underlying asset) | |||||||
| Margin requirement Put/Call |
Buy | Option price×1,000JPY (＝maximum loss) | Spread | |||||
| Sell | 250,000JPY (subject to variation from the market rate) | 4～6 | ||||||
| Dealing hours Japanese time (Summer time) |
Trade starts | End of order acceptance |
End of trade | Trade starts after public holiday |
||||
| Previous day 21:00～ |
Current day 19:59 |
Current day 20:00 |
08:00 | |||||
| Settlement basis | Settles basis the first print, recorded by Bloomberg (E&OE) after market closure. | |||||||
| Market | GBP/JPY option | Underlying asset |
GBP/JPY | |||||
|---|---|---|---|---|---|---|---|---|
| Value of one contract (per point) |
1,000JPY (0.01JPY x 100,000GBP) |
Trade Size | 100,000GBP/1lot | |||||
| Unit | Option price 1 point = 0.01JPY( underlying asset) | |||||||
| Margin requirement Put/Call |
Buy | Option price×1,000JPY (＝maximum loss) | Spread | |||||
| Sell | 300,000JPY (subject to variation from the market rate) | 6～8 | ||||||
| Dealing hours Japanese time (Summer time) |
Trade starts | End of order acceptance |
End of trade | Trade starts after public holiday |
||||
| Previous day 21:00～ |
Current day 19:59 |
Current day 20:00 |
08:00 | |||||
| Settlement basis | Settles basis the first print, recorded by Bloomberg (E&OE) after market closure. | |||||||
| Market | EUR/USD option | Underlying asset |
EUR/USD | |||||
|---|---|---|---|---|---|---|---|---|
| Value of one contract (per point) |
10USD (0.0001USD x 100,000EUR |
Trade value |
100,000 EUR/1lot | |||||
| Unit | Option price 1 point = 0.0001USD ( underlying asset) | |||||||
| Margin requirement Put/Call (１lot) |
Buy | Option price×10USD×USD/JPY(＝maximum loss) | Spread | |||||
| Sell | 300,000 JPY (subject to variation from the market rate) | 4～6 | ||||||
| Dealing hours Japanese time (Summer time) |
Trade starts | End of order acceptance |
End of trade | Trade starts after public holiday |
||||
| Previous day 21:00～ |
Current day 19:59 |
Current day 20:00 |
08:00 | |||||
| Settlement basis | Settles basis the first print, recorded by Bloomberg (E&OE) after market closure. | |||||||
Notes to table
- Our Options give you an exposure to changes in option prices. Our option is cash settled and cannot be exercised by or against you or result in delivery of the underlying security.
- We quote an 'all in spread' for option trading. Our spread on Options depends on a range of factors including the level of the price quoted and the time to expiry. We do not charge additional commission unless prior notification is given.
- Positions not already closed by the client expire automatically as follows without commission:
FX Daily Options：Daily FX OptionsSettle based the first print on Bloomberg (E&OE) of the spot rate concerned at 20:00 Japan time on the specified day.
- Margin requirements of buying Call or Put options are maximum loss of the relevant markets.
Maximum loss is calculated as 'option price x value of 1 contract'.
Margin requirements for selling Call or Put options are fixed to more than 2% of total trading value, which is subject to variation from relevant market condition.
- When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. When you trade in a currency other than JPY or USD, your profit or loss will be realized automatically on those currencies, taking into account +-0.3% on our base rate. Therefore if JPY depreciates against corresponding currency your loss may become higher compared to the time when you are holding position, which could lead to a negative deposit.
- We may not be able to quote our price or may be delayed due to holidays or market closure.
- We may not be able to quote our price due to time decay* as we approach to the end of expiry while we endeavour not to have a break.
* Time decay・・・It implies that the time value of option price fall rapidly as we approach the end of expiry.
- Contract Details
- FX
- Stock Indices
- Shares
- Energies
- Metals
- Bonds
- FX Binary
- Indices Binary
- Energies Binary
- Metals Binary
Financial