what is an options exchange

The London International Financial Futures and Options Exchange (LIFFE) is a futures exchange located in London. Depending on the underlying transaction, FX options may be classified as: Call Option This gives the holder the right but not the obligation to purchase a specified currency at a pre-arranged rate up to the expiration date.. A currency option refers to a derivative contract that gives the buyer the right but not the obligation to sell or buy currencies at a specified exchange rate within a specified time Stock option In contrast, OTC has no physical location, Strike price. With an FX Option, one party (the option holder) gains the contractual right to buy or sell a fixed amount of currency at a specific rate on a predetermined future date. My initial code goes something like this: