CME Group Euro FX/Hungarian Forint

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Euro FX/Hungarian Forint Futures
Contract Unit 30,000,000 Hungarian forint
Price Quotation U.S. dollars and cents per gallon
Trading Hours CME Globex: Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 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 $.0000002 euro per Hungarian forint increments (6 euro/contract). $.0000001 euro per Hungarian forint increments (3 euro/contract) for HUF/EUR futures intra-currency spreads executed electronically.
Product Code CME Globex: EHF

CME ClearPort: R

Clearing: R

Listed Contracts Six 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 HUF/EUR Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 316
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Euro FX/Hungarian Forint Options
Contract Unit One futures contract for 30,000,000 Hungarian forint
Minimum Price Fluctuation 0.0000002 per Hungarian forint increment = €6.00 (euro)

0.0000001 per Hungarian forint increment = €3.00 (euro) for premium below 0.0000010

Price Quotation Euro per Hungarian forint 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: 7:20 a.m. – 2:00 p.m. CT
Product Code CME Globex: EHU

CME ClearPort: R

Open Outcry: R

Clearing: R

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months
Settlement Procedures Options on physical delivery futures contract
Termination of Trading Trading terminates at 9:00 a.m. CT on the second Friday immediately prior to the third Wednesday of the contract month.
Position Limits CME Position Limits
Excahnge Rulebook CME 316A
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 Hungarian Forint/Euro (HUF/EUR) Cross Rate Futures

Notes[edit]

Resources[edit]

CME Group Euro FX/Hungarian Forint Contract Specifications