CME Group British Pound
| British Pound Futures | ||
|---|---|---|
| Contract Unit | 62,500 British pounds | |
| 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 | Outrights: 0.0001 USD per GBP increments ($6.25 USD).
Consecutive Month Spreads: (Globex only) 0.00001 USD per GBP (0.625 USD) All other Spread Combinations: 0.00005 USD per GBP (3.125 USD) | |
| Product Code | CME Globex: 6B
CME ClearPort: BP Clearing: BP | |
| Listed Contracts | Contracts listed for the first 3 consecutive months and 20 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 | Physical Delivery
GBP/USD Futures Settlement Procedures" | |
| Position Limits | CME Position Limits | |
| Exchange Rulebook | CME 251 | |
| Block minimum | Block Minimum Thresholds | |
| Price Limit or Circuit | Price Limits | |
| Vendor Codes | Quote Vendor Symbols Listing | |
| British Pound Options | ||
|---|---|---|
| Contract Unit | One futures contract for 62,500 British pounds | |
| Minimum Price Fluctuation | 0.0001 per British pound increment = $6.25 | |
| Price Quotation | U.S. dollars and cents per British pound 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: | Monday - Friday 7:20 a.m. – 2:00 p.m. CT | |
| Product Code | CME Globex: 1BP,2BP,3BP,4BP,5BP
CME ClearPort: 1BP,2BP,3BP,4BP,5BP Open Outcry: 1BP,2BP,3BP,4BP,5BP Clearing: 1BP,2BP,3BP,4BP,5BP | |
| 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 Friday of the contract week. | |
| Position Limits | CME Position Limits | |
| Excahnge Rulebook | CME 251A | |
| Block Minimum | Block Minimum Thresholds | |
| Price Limit or Circuit | Price Limits | |
| Vendor Codes | Quote Vendor Symbols Listing | |
| Strike Price Listing Procedures | Strike prices will be listed in increments of one-quarter of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next twenty four (24) consecutive higher and the next twenty four (24) consecutive lower strike prices. | |
| 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 | British Pound Futures | |
Notes[edit]
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[edit]
CME Group foreign currency products