CME Group Euro FX/British Pound

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Euro FX/British Pound Futures
Contract Unit 125,000 euro
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. 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 Outrights: 0.00005 GBP per EUR increments = £6.25

Consecutive month spreads (Globex only): 0.00001 GBP per EUR = £1.25 All other spread combinations (Globex only): 0.000025 GBP per EUR = £3.125

Product Code CME Globex: RP

CME ClearPort: RP

Clearing: RP

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 6 consecutive quarters and serial monthly contracts listed for 3 consecutive months.
Settlement Method Deliverable
Termination of Trading Trading terminates at 9:16 a.m. CT, 2 business days prior to the third Wednesday of the contract month.
Settlement Procedures EUR/GBP Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 301
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Euro FX/British Pound Options
Contract Unit One futures contract for 125,000 euro
Minimum Price Fluctuation 0.00005 per Euro increment = £6.25 British pounds Cabinet: 0.000025 per euro increment = £ 3.125 British pounds
Price Quotation British pound 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
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: RP

CME ClearPort: RP

Open Outcry: OP

Clearing: RP

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months
Settlement Procedures Option 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 301A
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures $0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.)
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.

Settlemnt Method Deliverable
Underlying Euro/British Pound Futures

Notes[edit]

Resources[edit]

CME Group Euro FX/British Pound Contract Specifications