FX Options Expiry Dates

[Nonameo]

Hi Guys.

I was wondering if you could help me understand something.

I have a demo account with Saxobank who offer FX Options. I notice on there that I can specify my own expiry date for my fx options. Is this normal? I haven't seen this on any other options platforms so far.

Usually I can only look at options for a fixed expiry date like traditional options. For example if I put in XDE I can pick Dec 2011. This doesn't allow me to set my own expiry date which is what I would expect with options.

Are FX Options different? And if so, why haven't I seen this on any other platforms? Just with Saxobank so far.

Any help would be greatly appreciated
Thanks

 

[Martinghoul]

FX options are normally traded OTC, which means that, yes, you get to pick your expiry. Exchange-traded futures options normally have specific expiry dates that are pre-defined by the exchange itself.