Essentials of Foreign Exchange Trading. Tom Higgins, CEO of the multi-award-winning FinTech company, Gold-i talks to e-Forex about its continual focus on pushing boundaries and its mission to help brokerages and banks around the world reap the benefits from its market-leading technology. Retrieved 22 October A foreign exchange option commonly shortened to just FX option is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. Motivated by the onset of war, countries abandoned the gold standard monetary system. One way to deal with the foreign exchange risk is to engage in a forward transaction.
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