By Jessica James, Jonathan Fullwood, and Peter Billington
- Learn why supposedly “cheap” out of the money options aren’t always worth it
- Understand why “more sophisticated” doesn’t necessarily mean “better”
- Reduce FX risk in the most efficient way – and it is not always a forward contract
- Understand historical options trading strategies that have actually worked, and use them to design strategies for the future
The FX options market offers tremendous opportunity, but requires complete, in-depth understanding. Written by experienced quants and traders, FX Options Performance goes beyond theory to give you the numbers that show how much these contracts have really made or lost.
Dr Jessica James, PhD, is a Managing Director and Head of FX Quantitative Solutions at Commerzbank AG in London. She has previously held positions in foreign exchange at Citigroup and Bank One. Before her career in finance, James lectured in physics at Trinity College, Oxford. Her significant publications include the Handbook of Foreign Exchange, Interest Rate Modelling and Currency Management. She is also Managing Editor for the Journal of Quantitative Finance, and is a Visiting Professor both at UCL and at Cass Business School. She is a Fellow of the Institute of Physics and has been a member of their governing body and of their Industry and Business Board.
Jonathan Fullwood began his career in finance in 2002 and has since held positions in research, sales and trading at Commerzbank AG in London. He was awarded a CFA charter in 2007 and remains a member of the CFA Institute. Before his career in finance he graduated with first class honours in physics from the University of Manchester, where he also worked as a mathematics tutor. Jonathan completed his particle physics doctoral thesis in 2001, on work carried out at the Stanford Linear Accelerator Centre.
Peter Billington is Global Head of FX Exotic Options at UniCredit in London. Since 1993 he has worked in FX option trading roles for Standard Chartered Bank and BNP Paribas and has traded metals for Dresdner Kleinwort Wasserstein. He has also worked at Commerzbank AG in several positions, including that of Global Head of FX Trading. Prior to his career in finance, Peter read mathematics and then mathematical modelling and numerical analysis at the University of Oxford.