An option cut is the time of day at which an FX option expires: most commonly 10:00 New York time (the New York cut) or 15:00 Tokyo time (the Tokyo cut).
Quantitative Finance · Glosarium
Quantitative Finance · Glosarium
An option cut is the time of day at which an FX option expires: most commonly 10:00 New York time (the New York cut) or 15:00 Tokyo time (the Tokyo cut).