British Pound
Futures and Options
GBP/USD Monthly Options - Contract Specs
| 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 daily maintenance period from 4:00 p.m. - 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 |
| Product Code | CME Globex: GBU CME ClearPort: GBU Clearing: GBU |
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 8 consecutive quarters and serial contracts listed for 8 months. |
| Settlement Procedures | Physical-Exercise into Futures |
| Termination of Trading | Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| 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 | British Pound Sterling/U.S. Dollar (GBP/USD) Futures |
