Monday, May 19, 2014

China Options and Futures Exchange | Welcomes Currency Options

CHOFX (www.chofx.org) launched the much-anticipated currency options. The first contract will initially be based on the HKD-USD with other contracts to be requested from the relevant Market Markers.

This new investment avenue compliments the existing CHOFX’s currency futures market and is sure to increase both trading volumes and liquidity in the local currency market.

Like currency futures, currency options allow CHOFX investors and speculators to benefit from the movement of the HKD against other currencies, but differ in that they come with a ‘built-in insurance policy’.
In other words, currency options are contracts that grant the CHOFX investors the right but not the obligation to buy or sell currency at a set rate at a set time.

“In CHOFX’s terms what this means is that Currency Options allow the investor the choice not to exercise the contract if the exchange rate is not in his or her favor,” comments Chi-sun Lee, CHOFX Managing Director Commodity Trading Division. Due to their flexibility CHOFX’s currency options are considered one of the best ways for corporate the agricultural community and individuals to hedge against adverse movements in the exchange rates.

CHOFX’s Currency futures are used by investors who are very confident that the currency will move in a certain direction while options are ideal for those who need to purchase foreign currency but are uncertain of the movements of the currency. “Of course, like an insurance policy, the investor will pay more of a premium for this peace of mind,” says Chi-sun Lee.

The CHOFX (www.chofx.org) is confident that currency options will attract a different market to that of currency futures. “With currency options we hope to attract a different market element and sector from that of currency futures – we expect a great response from the agricultural sector and from institutional investors,” comments Chi-sun Lee. 


About Us
Business Overview China Options and Futures Exchange (CHOFX) is an Asian exchange with customer access available virtually all over the world. Our customers consist of professional traders, financial institutions, individual and institutional investors, major corporations, manufacturers and producers. Customers include both members of the exchange and non-members. We offer our customers the opportunity to trade futures contracts and options on futures contracts on a range of products including those based on interest rates, equities, foreign exchange, agricultural commodities, energy, and metals. We also clear over-the-counter contracts on a range of product lines including interest rate swaps, credit default swaps, foreign exchange, energy and agricultural commodities.

Contact Media:
Company Name: CHOFX
Website: http://www.chofx.org
Email: info@chofx.org
Adress:  Excel Business Park C1, 6 Wudinghou Street Xicheng, Beijing
100032 China
Phone: 861057980411
Media contact : David Chinn
Press Release Industry: Business, Financial
Press Release Author: CHOFX

China Options and Futures Exchange | Welcomes Currency Options Rating: 4.5 Diposkan Oleh: Alam Maya

0 comments:

Post a Comment