British Pound
Futures and Options
GBP/USD Weekly Friday 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: 1BP,2BP,3BP,4BP,5BP CME ClearPort: 1BP,2BP,3BP,4BP,5BP Clearing: 1BP,2BP,3BP,4BP,5BP |
| Listed Contracts | Weekly contracts listed for 4 consecutive weeks. No weekly contract listed the week of the quarterly or serial option expiration. |
| Settlement Procedures | Physical-Exercise into Futures |
| Termination of Trading | Trading terminates at 9:00 a.m. CT Friday of the contract week. |
| 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 |
