This guide provides an overview and guidance for ordering and configuring the Cisco ASR 1000 Series Aggregation Services Routers with their respective hardware. If instead they take the profit in GBP (by selling the USD on the spot market) this amounts to 1. In this case the pre- agreed exchange rate, or strike price, is 2. For example, a GBPUSD contract could give the owner the right to sell ? December 3. The global market for exchange- traded currency options was notionally valued by the Bank for International Settlements at $1. Most trading is over the counter (OTC) and is lightly regulated, but a fraction is traded on exchanges like the International Securities Exchange, Philadelphia Stock Exchange, or the Chicago Mercantile Exchange for options on futures contracts. In finance, a foreign exchange option (commonly shortened to just FX option or currency option) is a derivative financial instrument that gives 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.