FX Traders vs Brokers: Vanilla and Exotic Options, Forwards, and Other OTC Structures: What Retail Traders Never See

CrossVol Research, Boek 2 van 3 · Published

About this book

Vanilla and exotic options, forwards, and the OTC structures retail traders never see.

A walk-through of the FX market as seen from a sell-side desk. The book covers the spectrum that retail brokerage never exposes: vanilla and exotic options pricing under last-look and stale-quote regimes, structured forwards, vanna-volga adjustments, RFQ workflow, ESMA leverage rules and their structural consequences, and the dealer-broker tension that shapes spreads. Includes seven dated case chronicles from the desk.

Intended readers. For retail FX traders ready to look behind the curtain, for new sell-side hires, and for risk managers calibrating their picture of OTC FX.

Reeks CrossVol Research

  1. Boek 1 van 3: Beyond Gamma Exposure: A Four-Lens Framework for Options Traders Who See What GEX Misses
  2. Boek 2 van 3: FX Traders vs Brokers: Vanilla and Exotic Options, Forwards, and Other OTC Structures: What Retail Traders Never See
  3. Boek 3 van 3: The China AI Disruption Thesis: Why The Sell-Side Is Six Months Late On AI Infrastructure

CrossVol Research · Bekijk de reeks op Amazon

Working paper

Structural Biases in Retail Foreign Exchange: B-Book Economics, Execution Frictions, and the Persistence of the 80% Loss Rate

MPRA 129364 · DOI 10.5281/zenodo.20509707

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