I am thinking of trading currency options with saxo bank just buing calls and puts instead of spot any suggestions? Also i just had a look at currency warrants with sg bank but noticed that for a (Eur/Usd 5 June/ strike 1.15/ call) sg are quoting 66.50pence - 67.00 pence and saxo are quoting 0.1226pips - 0.1234 so why are people trading warrants they seem so expensive.
CME is an exchange, an organised market. Saxo is a FX dealer, each trade you make Saxo is on the other side, so your gain is their loss and vice versa. They can quote you pretty much whatever they want. This cannot happen on CME as there are multiple buyers and sellers all the time. A bucketshop is a bucketshop....
Thanks fror reply MTE, How can I start trading options with cme? do they give live streaming quotes like saxo? What sort of spread is a normal spread on currency options?
You need to open an account with a broker that offers CME options. You can check CME website for all the details, including brokers.