Trading in Currency Options Surged to Record After Trump Victory

From bnnbloomberg.ca

Trading of currency options swelled to a record after Donald Trump’s victory in the US presidential election, as traders rushed to bet on further dollar gains. Over $160 billion worth of contracts exchanged hands on Wednesday, the highest daily volume in data going back to 2013, according to the Depository Trust & Clearing Corporation. Trading of euro options was four times higher than the recent average, DTCC data shows, while the EBS platform saw an all-time record for the Chinese renminbi. Most of the activity on over-the-counter trades was driven by new positions betting on a stronger dollar, according to ... (full story)