are currency options (traded) standardised contract for standardised amount?

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August 9, 2022 at 3:27 am #662712
dennissherpa101
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sir are currency option(traded) also bought and sold on a standardised amount like futures? and for otc option are the amount predetermined?
August 9, 2022 at 8:43 am #662744
John Moffat
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Are you not using our free lecture notes and free lectures, because this is specifically answered in our notes? !!

Traded options are in fixed sized contracts, OTC options are for any amount as agreed with the bank.
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