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    Niche FX crosses pop up in mutual fund options activity

    August 7, 2025

















































    Niche FX crosses pop up in mutual fund options activity – Risk.net



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    Risk.net

    Counterparty Radar: Fund filings reveal unusual FX options crosses – some never repeated, many with unclear strategies


    GBPTRY

    Over the five years of Counterparty Radar analysis, we’ve typically tracked the biggest trading firms, the most popular currencies and the largest trades.

    But buried in the data are also a handful of one-off trades by US mutual funds and exchange-traded funds on very niche FX options crosses that caught our eye and we thought were worth highlighting – if only for curiosity’s sake. While they may

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