An Option

Multiple Choice

An option

A) ​is not traded on an organized exchange and is customized to meet the needs of the parties.
B) ​is not traded on an organized exchange and is subject to formal regulations which results in standardized contracts
C) ​is traded on an organized exchange or may be negotiated on a case-by-case basis between counterparties.
D) ​is traded on an organized exchange and is customized to meet the needs of the parties.