CME Group Euro FX/Japanese Yen

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Euro FX/Japanese Yen 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. 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 .01 Japanese yen per euro increments (1,250 Japanese yen). .005 Japanese yen per euro increments (625 Japanese yen) for EUR/JPY futures intra-currency spreads executed electronically.
Product Code CME Globex: RY

CME ClearPort: RY

Clearing: RY

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 EUR/JPY Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 303
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Euro FX/Japanese Yen Options
Contract Unit One futures contract for 125,000 Euro
Minimum Price Fluctuation 0.01 per Euro increment = 1,250 Japanese yen

0.005 per Euro increment = 625 Japanese yen for premium below 0.05

Price Quotation Japanese yen per Euro increment
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. 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: RY

CME ClearPort: RY

Open Outcry: ZO

Clearing: RY

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 preceding the third Wednesday of the contract month.
Position Limits CME Position Limits
Excahnge Rulebook CME 303A
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 Euro/Japanese Yen Futures

Notes[edit]

Resources[edit]

CME Group Euro FX/Japanese Yen Contract Specifications