CME Group Swiss Franc

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Swiss Franc Futures
Contract Unit 125,000 Swiss francs
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 $.0001 per Swiss Franc increments ($12.50/contract). $.00005 per Swiss Franc increments ($6.25/contract) for CHF/USD futures intra-currency spreads executed electronically.
Product Code CME Globex: 6S

CME ClearPort: E1

Clearing: E1

Listed Contracts Twenty 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 CHF/USD Futures Settlement Procedures
Position Limts CME Position Limits
Exchange Rulebook CME 254
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Soybean Options
Contract Unit One futures contract for 125,000 Swiss francs
Minimum Price Fluctuation 0.0001 per Swiss franc increment = $12.50

0.00005 per Swiss franc increment = $6.25 for premium below 0.0005.

Price Quotation U.S. dollars and cents per Swiss franc 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: 1SF,2SF,3SF,4SF,5SF

CME ClearPort: 1SF,2SF,3SF,4SF,5SF Open Outcry: 1SF,2SF,3SF,4SF,5SF Clearing: 1SF,2SF,3SF,4SF,5SF

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 the Friday of the contract week.
Position Limits CME Position Limits
Exchange Rulebook CME 254A
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.

Settlement Method Deliverable
Underlying Swiss Franc 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