CME Group Hungarian Forint

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Hungarian Forint Futures
Contract Unit 30,000,000 Hungarian forint
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 per Hungarian forint increments ($6.00/contract). $.0000001 per Hungarian forint increments ($3.00/contract) for HUF/USD futures intra-currency spreads executed electronically.
Product Code CME Globex: HUF

CME ClearPort: FR

Clearing: FR

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/USD Futures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 267
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
CME Group 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.

0.0000001 per Hungarian forint increment = $3.00 for premium below 0.0000010

Price Quotation U.S. dollars and cents 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: HFO

CME ClearPort: FR

Open Outcry: HZ

Clearing: FR

Listed Contracts Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month.
Settlement Procedures Options on physical delivery futures contract
Termination of Trading Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month.
Position Limits CME Position Limits
Excahnge Rulebook CME 267A
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 Futures

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