IMC Trading is set to start dealing in currency options this month to capitalize on soaring demand at a time of geopolitical and macroeconomic uncertainty.
The Dutch electronic trading firm, which has its roots in equity derivatives, will begin with vanilla options on Group-of-10 currencies, said Ramon Puyane, its head of FX trading, in an interview. The firm will initially focus on short-dated contracts — bets or hedges on moves from one day to the next three months — which are the most liquid in the $7.5 trillion-a-day global currency market.