Options software boosts exotics appetite

"Clients are more informed, so this opens the door to more complex hedging and leveraging tools in FX options, such as digitals with knockout, contingent accruals and volatility swaps," said Derek Sammann, London-based global head of FX options at Credit Agricole Indosuez.

Corporates represent a growing client base for FX options pricing software vendors, as firms prepare for changes to international accounting standards next year that require them to mark derivatives positions to market on a