Luminor provides you with an access to dedicated liquidity and streaming prices. Luminor option prices are shown on your trading platforms as dynamic Bid/Ask spreads. The options’ bid/ask spreads are of variable nature and depending on liquidity and conditions.
The quoted FX Options spreads are for 30 day at-the-money options. Spreads for other strikes and maturities will vary. All prices are found on Luminor Trade platform: Trading > Option Trading > Forex Options Board
Luminor Bank reserves the right to apply different spreads for notional amounts exceeding market standard or for customers requiring a specific level of service.
Indicative spreads on some Major FX pairs:
|FX currency pair||Indicative spread|
Maximum streaming notional amount is 25 million units of base currency; with a minimum ticket size of 10,000 on currency pairs; and for precious metals 10 oz (Gold) and 100 oz (Silver).
Notional amounts over maximum streaming amount are request for quote (RFQ).
For small trade sizes a 'Minimum Ticket fee' of USD 8 (equivalent in another currency) is applied. A 'Minimum Ticket fee' of USD 8 (equivalent in another currency) is not applied when trade amount is equal or above listed in table below.
|FX Vanilla Option||Ticket Fee is not applied when trade amount is equal or above listed below|
|AUDSGD, EURCZK, EURHUF, EURPLN, EURTRY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, USDCAD, USDCHF, USDHUF, USDILS, USDJPY, USDMXN, USDPLN, USDSGD, USDTRY, USDZAR||50'000|
|AUDJPY, AUDNZD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNOK, EURNZD, EURSEK, NZDJPY, NZDUSD, USDNOK, USDSEK||100'000|
The pricing model applied for FX Vanilla Options is based on an implied volatility surface for the Black-Scholes model based on the interbank market.
Spreads are variable depending on maturity and currency pair. Prices are shown as dynamic bid/ask spreads.