CME Group Euro FX
| Euro FX Futures | ||
|---|---|---|
| Contract Unit | 125,000 Euro | |
| Trading Hours | CME Globex: | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| 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: 0.00005 per Euro increment = $6.25
Consecutive Month Spreads: 0.00001 per Euro increment = $1.25 All other Spread Combinations: 0.00002 per Euro increment = $2.50 | |
| Product Code | CME Globex: 6E
CME ClearPort: EC Clearing: EC | |
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 20 consecutive quarters and serial contracts listed for 3 consecutive months, | |
| Settlement Method | Deliverable | |
| Termination of Trading | Trading terminates at 9:16 a.m. CT on the second business day prior to the third Wednesday of the contract month. | |
| Settlement Procedures | Physical Delivery
EUR/USD Futures Settlement Procedures | |
| Position Limits | CME Position Limits | |
| Exchange Rulebook | CME 261 | |
| Block Minimum | Block Minimum Thresholds | |
| Price Limit or Circuit | Price Limits | |
| Vendor Codes | Quote Vendor Symbols Listing | |
| CME Group Euro FX Options | ||
|---|---|---|
| Contract Unit | One futures contract for 125,000 Euro | |
| Minimum Price Fluctuation | 0.0001 per Euro increment = $12.50
0.00005 per Euro increment = $6.25 for premium below 0.0005. | |
| Price Quotation | U.S. dollars and cents per Euro 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 |
| Open Outcry: | Monday - Friday 7:20 a.m. – 2:00 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 | |
| Product Code | CME Globex: 1EU,2EU,3EU,4EU,5EU
CME ClearPort: 1EU,2EU,3EU,4EU,5EU Open Outcry: 1EU,2EU,3EU,4EU,5EU Clearing: 1EU,2EU,3EU,4EU,5EU | |
| 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 on Friday of the contract week. that are not also terminations for quarterly and serial options. (9:00 a.m. CT) | |
| Position Limits | CME Position Limits | |
| Excahnge Rulebook | CME 261A | |
| Block Minimum | Block Minimum Thresholds | |
| Price Limit or Circuit | Price Limits | |
| Vendor Codes | Quote Vendor Symbols Listing | |
| 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. | |
| Settlment Method | Deliverable | |
| Underlying | Euro FX 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
