Editing Exotic option (section)

{{Short description|Derivative which has features making it more complex than commonly traded products}}
In [[finance]], an '''exotic option''' is an [[Option (finance)|option]] which has features making it more complex than commonly traded [[vanilla option]]s.  Like the more general [[exotic derivatives]] they may have several triggers relating to determination of payoff.  An exotic option may also include a non-standard underlying instrument, developed for a particular client or for a particular market.  Exotic options are more complex than options that trade on an [[Exchange (organized market)|exchange]], and are generally traded [[Over-the-counter (finance)|over the counter]].