CME Group Korean Won

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Korean Won Futures
Contract Unit 125,000,000 Korean won
Trading Hours CME Globex: Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 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 $.0000001 per Korean won increments ($12.50/contract).
Product Code CME Globex: KRW

CME ClearPort: KRW

Clearing: KRW

Listed Contracts Thirteen consecutive calendar months plus 2 deferred March quarterly cycle contract months
Settlement Method Financially Settled
Termination of Trading Trading terminates on the second Seoul business day prior to the third Wednesday of the contract month at 3:30 p.m. Seoul local time.
Settlement Procedures KRW/USD Futures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 271
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Korean Won Options
Contract Unit Futures contract for 125,000,000 Korean won
Minimum Price Fluctuation 0.0000001 per Korean won = $12.50
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: KRW

CME ClearPort: KRW

Clearing: KRW

Listed Contracts Monthly contracts listed for 12 consecutive months
Settlement Procedures Option on cash-settled futures contract
Termination of Trading Trading terminates at 3:30 p.m. Seoul Time on the second Korean business day prior to the third Wednesday of the contract month, (12:30 a.m. winter or 1:30 a.m. summer CT).
Position Limits CME Position Limits
Exchange Rulebook CME 271A
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Exercise Style European
Settlement at Expiration Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 6:30 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.
Settlement Method Deliverable
Underlying Korean Won Futures

Notes[edit]

CME Group also offers European, weekly, and weekly European options with the underlying instruments Korean Won futures. For more contract specification, please refer to Korean Won Options Contract Specification

Resources[edit]