CME Group British Pound

From MarketsWiki
Jump to: navigation, search
British Pound Futures
Contract Unit 62,500 British pounds
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation Outrights: 0.0001 USD per GBP increments ($6.25 USD).

Consecutive Month Spreads: (Globex only) 0.00001 USD per GBP (0.625 USD) All other Spread Combinations: 0.00005 USD per GBP (3.125 USD)

Product Code CME Globex: 6B

CME ClearPort: BP

Clearing: BP

Listed Contracts Contracts listed for the first 3 consecutive months and 20 months in the March quarterly cycle (Mar, Jun, Sep, Dec)
Settlement Method Deliverable
Termination of Trading 9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Settlement Procedures Physical Delivery

GBP/USD Futures Settlement Procedures"

Position Limits CME Position Limits
Exchange Rulebook CME 251
Block minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
British Pound Options
Contract Unit One futures contract for 62,500 British pounds
Minimum Price Fluctuation 0.0001 per British pound increment = $6.25
Price Quotation U.S. dollars and cents per British pound increment
Trading Hours CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Open Outcry: Monday - Friday 7:20 a.m. – 2:00 p.m. CT
Product Code CME Globex: 1BP,2BP,3BP,4BP,5BP

CME ClearPort: 1BP,2BP,3BP,4BP,5BP

Open Outcry: 1BP,2BP,3BP,4BP,5BP

Clearing: 1BP,2BP,3BP,4BP,5BP

Listed Contracts Weekly contracts listed for 4 consecutive weeks. No weekly contract listed the week of the quarterly or serial option expiration.
Settlement Procedures Option on physical delivery futures contract
Termination of Trading Trading terminates at 9:00 a.m. CT Friday of the contract week.
Position Limits CME Position Limits
Excahnge Rulebook CME 251A
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike prices will be listed in increments of one-quarter of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next twenty four (24) consecutive higher and the next twenty four (24) consecutive lower strike prices.
Exercise Style European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.

In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned. An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.

Settlemnt Method Deliverable
Underlying British Pound Futures

Notes

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. [1]

Also See

CME Group foreign currency products


Resources