CME Group Israeli Shekel

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Israeli Shekel Futures
Contract Unit 1,000,000 Israeli sheqalim
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
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 Outright: 0.00001 per Israeli shekel = $10.00

Intra-currency spreads: 0.000005 per Israeli shekel = $5.00

Product Code CME Globex: ILS

CME ClearPort: IS

Clearing: IS

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 6 consecutive quarters
Settlement Method Deliverable
Termination of Trading Trading terminates on the second business day prior to the third Wednesday of the contract month.
Settlement Procedures ILS/USD Futures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 269
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Israeli Shekel Options
Contract Unit One futures contract for 1,000,000 Israeli shekelim
Minimum Price Fluctuation 0.00001 per Israeli shekel increment = $10.00

0.000005 per Israeli shekel increment = $5.00 for premium below 0.00005

Price Quotation U.S. dollars and cents per Israeli shekelim 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
Product Code CME Globex: ILS

CME ClearPort: IS

Open Outcry: IS

Clearing: IS

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 2nd Thursday prior to the 3rd Wednesday of the contract month.
Position Limits CME Position Limits
Excahnge Rulebook CME 269A
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.

Settlement Method Deliverable
Underlying Israeli Shekel Futures

Notes[edit]

CME Group also offers weekly option with the underlying Israeli Shekel futures contract. For more information about contract specs, please refer to Weekly Options

Resources[edit]