FX traders dump short-dated options on Brexit mire
Attention turns to long-dated positions after failed no-confidence vote
Foreign exchange options traders have jettisoned short-dated sterling-US dollar positions following the failed no-confidence vote against UK prime minister Theresa May yesterday, as attention shifts to longer-dated expiries in the New Year. While traders say liquidity concerns have eased, the constantly changing situation has scared some hedge funds off the trade altogether.
“We're really in uncharted territory here on so many levels. I think [moving forward] it’s going to be very choppy, but
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Derivatives
7 days in 60 seconds
RBS, dividend curves and system failures
The week on Risk.net, March 28-April 3, 2020
Receive this by email