Posted: Apr 18, 2013 @ 09:17 PM             Msg. 1 of 1

Some futures symbols like EUR/USD have many different options potentially available at any one time:
- American
- European
- European volatility
- Volatility
- Weekly
- Weekly (European)
- Weekly volatility (American)
- Weekly volatility (European)

Using OEC Trader Demo's options chain, I added a couple of the weekly options available to the Quotes table. Their description/name seems a bit inadequate to explain their differences:
1) OEURE4J3 - EURO FX WEEKLY
2) OEUR2K3 - EURO FX WEEKLY

I would personally add European to (1) like so:
- EURO FX WEEKLY (EUROPEAN)

This lets users know that it is indeed a European option just by glancing at the row. Ideally, the user would know that an option was American/European, Standard/Weekly/OEM, simply by looking at the name/description.

The motivation I have for requesting this is because when users are presented with the various option symbols for a given futures symbol, it is hard for them to understand whether they are weeklies, monthlies, american, european etc, unless they have memorized those symbols. Further, the option symbol's naming conventions can vary, and that makes it even harder to memorize (for instance, some options weekly symbols include a "W" and then the week #, but others skip the "W" and just present the week #).

I would like to be able to present the symbol and its name/description to a user and have them be able to say, "Oh, this is a European Weekly option".

If you choose to extend the identifying info contained in the contract's name field, I believe users of your api and OEC Trader will appreciate it.

Thanks,

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CHW