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