CME Group Euro FX

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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


Resources

EUR/USD Futures Settlement Procedures

CME Position Limits

CME 261

Block Minimum Thresholds

Price Limits

Quote Vendor Symbols Listing