CME Group British Pound

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British pound futures
Exchange	CME Group
Settlement	Physically delivered
Trade Unit	62,500 pounds sterling (British pounds)
Point Value	1 point = $.0001 per British pound = $6.25 per contract
Tick Value	Regular - 0.0001=$6.25; Calendar Spread - $6.25; All or None - $6.25
Contract Months	6 months - Mar, Jun, Sep, Dec cycle
Last Trading Day	The second business day before third Wednesday of the contract month
	Open Outcry	Electronic
Trading Hours	7:20 a.m.-2:00 p.m. Chicago time (9:16 a.m. on last trading day)	Mon/Thurs 5:00 p.m.-4:00 p.m. Sun & Hol 3:00 p.m.-4:00 p.m. Chicago time
Ticker Symbol	BP	6P
Price Limits	N/A	N/A

British pound options
Trade Unit	One futures contract
Point Value	1 point = $.0001 per pound = $6.25 per contract
Tick Value	Regular - 0.0001=$12.50; Cabinet trade - $6.25; All-or-None - $6.25
Option Months	4 Quarterly, 2 Serial, 4 Weekly
Strike Prices	All listed intervals for open outcry; 8 strikes up & down, and including, the strike nearest the money on Globex.
Exercise Style	American*
Option Expiration Day	Quarterly and Serial Options: Trading terminates at the close of trading on the second Friday immediately preceding the third Wednesday of the contract month; If that is an Exchange holiday, trading in quarterly and serial options terminate on the immediately preceding business day. Weekly Options: Trading terminates at the close of trading on those Fridays that are not also the termination of trading of a quarterly or serial option; if that date is an Exchange holiday, trading in weekly options terminate on the immediately preceding business day.
	Open Outcry	Electronic
Trading Hours	7:20 a.m.-2:00 p.m. Chicago time	Mon/Thurs 5:00 p.m.-7:15 a.m. & 2:00 p.m.-4:00 p.m.; Sun & Hol 5:00 p.m.-7:15 a.m.; Side by side trading effective 12/18/06 Mon/Thurs 5:00 p.m.-4:00 p.m. and Sun & Hol 3:00 p.m.-4:00 p.m.
Ticker Symbol	See right	Clearing: Calls/Puts - BP. Ticker Calls - CP/Puts - PP. Globex: 6B. Weekly Expiration Options (open outcry): Calls = 1BC/5BC, Puts = 1BP/5BP, AON = LG; Globex = 6B1-6B5
Price Limits	N/A	N/A

Notes

*Note that the exchange in mid-2006 also introduced European-style delivery for the following products: the euro, British pound, Swiss franc, Canadian dollar, Japanese yen. Contract specs: [1]

E-quivalents®, a Web-based application that displays real-time CME Group eFX futures prices in spot equivalent terms is available for traders accustomed to trading FX spot markets. [2]