CME Group Brazilian Real

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Brazilian Real Options
Contract Unit One futures contract for 100,000 Brazilian reals
Minimum Price Fluctuation $.00005 per Brazilian real increments ($5.00/contract).
Price Quotation Points and fractions of points with par on the basis of 100 points
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: 7:20 a.m. – 2:00 p.m Central Time (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: BR

CME ClearPort: BR

Open Outcry: OR

Clearing: BR

Listed Contracts Twelve consecutive contract months
Settlement Procedures Option on cash-settled futures contract

To reduce basis risk between the CME Brazilian real/U.S. dollar futures & options and the BM&FBOVESPA U.S. dollar/Brazilian real futures & options contracts, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.2

Termination of Trading On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reals per U.S. dollar for cash delivery" (PTAX rate).
Position Limits CME Position Limits
Excahnge Rulebook CME 257A
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Exercise Style European
Settlemnt Method Deliverable
Underlying Brazilian Real Futures
Brazilian Real Futures
Contract Unit 100,000 Brazilian reais
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
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 $.00005 per Brazilian real increments ($5.00/contract).
Product Code CME Globex: 6L

CME ClearPort: BR

Clearing: BR

Listed Contracts Monthly contracts listed for 60 consecutive months.
Settlement Method Financially Settled
Termination of Trading On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reais per U.S. dollar for cash delivery" (PTAX rate).
Settlement Procedures BRL/USD Futures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 257
Block minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing

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