Image source: Baidu Caishun Option
The difference between floor options and OTC options is similar to the difference between futures trading and forward trading mentioned above. This difference is also manifested in many aspects, options, but the main difference lies in whether the option contract is standardized. On-site options are standardized options contract transactions, so the trading quantity, agreed price, expiration date and performance time of options are uniformly stipulated by the exchange; OTC option is a non-standardized option contract transaction, and its transaction quantity, agreed price, expiration date and performance time can be freely agreed by both parties.