FX Product Guide 2024
Futures
| Contract | Rule Chapter | Globex Code | Clearport Code | Contract Size | Contract Size Units | Final Settlement | Globex Outright Tick | Globex All Other Spreads Tick | ClearPort Tick (Blocks/EFRPs) | Block Min Size (Quarterly) | Block Min Size (Monthly) | Tick Units |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Majors | ||||||||||||
| EURUSD | 261 | 6E | EC | 125,000 | EUR | Physical | 0.00005 | 0.00002 | 0.00001 | 150 | 20 | USD per EUR |
| JPYUSD | 253 | 6J | J1 | 12,500,000 | JPY | Physical | 0.0000005 | 0.0000002 | 0.0000001 | 150 | 20 | USD per JPY |
| GBPUSD | 251 | 6B | BP | 62,500 | GBP | Physical | 0.0001 | 0.00005 | 0.00001 | 100 | 20 | USD per GBP |
| AUDUSD | 255 | 6A | AD | 100,000 | AUD | Physical | 0.00005 | 0.00002 | 0.00001 | 100 | 20 | USD per AUD |
| CADUSD | 252 | 6C | C1 | 100,000 | CAD | Physical | 0.00005 | 0.00002 | 0.00001 | 100 | 20 | USD per CAD |
| CHFUSD | 254 | 6S | E1 | 125,000 | CHF | Physical | 0.00005 | 0.00005 | 0.00001 | 100 | N/A | USD per CHF |
| NZDUSD | 258 | 6N | NE | 100,000 | NZD | Physical | 0.00005 | 0.00005 | 0.00001 | 50 | N/A | USD per NZD |
| USDCNH | 284L | CNH | CNH | 100,000 | USD | Cash | 0.0005 | 0.00025 | 0.0001 | 10 | 10 | CNH per USD |
| LATAM | ||||||||||||
| MXNUSD | 256 | 6M | MP | 500,000 | MXN | Physical | 0.00001 | 0.00001 | 0.000001 | 100 | 100 | USD per MXN |
| BRLUSD | 257 | 6L | BR | 100,000 | BRL | Cash | 0.00005 | 0.00005 | 0.00005 | 50 | 50 | USD per BRL |
| CLPUSD | 346 | CHP | CHP | 50,000,000 | CLP | Cash | 0.0000001 | 0.0000001 | 0.0000001 | 10 | 10 | USD per CLP |
| Emerging Markets | ||||||||||||
| ZARUSD | 259 | 6Z | RA | 500,000 | ZAR | Physical | 0.000025 | 0.000025 | 0.000001 | 50 | 50 | USD per ZAR |
| RUBUSD | 260 | 6R | RU | 2,500,000 | RUB | Cash | 0.000005 | 0.000005 | 0.000005 | 10 | N/A | USD per RUB |
| TRYUSD | 273 | TRL | TRL | 1,000,000 | TRL | Physical | 0.000005 | 0.000001 | 0.000005 | 10 | N/A | USD per TRY |
| Scandis | ||||||||||||
| NOKUSD | 264 | NOK | UN | 2,000,000 | NOK | Physical | 0.000025 | 0.000005 | 0.000001 | 10 | N/A | USD per NOK |
| SEKUSD | 265 | SEK | SE | 2,000,000 | SEK | Physical | 0.000025 | 0.000005 | 0.000001 | 10 | N/A | USD per SEK |
| EURNOK | 313 | ENK | CN | 125,000 | EUR | Physical | 0.0025 | 0.00025 | 0.0001 | 10 | N/A | NOK per EUR |
| EURSEK | 314 | ESK | KE | 125,000 | EUR | Physical | 0.0025 | 0.00025 | 0.0001 | 10 | N/A | SEK per EUR |
| CE4 | ||||||||||||
| CZKUSD | 266 | CZK | CZ | 4,000,000 | CZK | Physical | 0.000002 | 0.000001 | 0.000002 | 10 | N/A | USD per CZK |
| HUFUSD | 267 | HUF | FR | 30,000,000 | HUF | Physical | 0.0000002 | 0.0000001 | 0.0000002 | 10 | N/A | USD per HUF |
| PLNUSD | 268 | PLN | PZ | 500,000 | PLN | Physical | 0.00002 | 0.00001 | 0.00002 | 10 | N/A | USD per PLN |
| ILSUSD | 269 | ILS | IS | 1,000,000 | ILS | Physical | 0.00001 | 0.000005 | 0.00001 | 10 | N/A | USD per ILS |
| CZKEUR | 315 | ECK | K | 4,000,000 | CZK | Physical | 0.000002 | 0.000001 | 0.000002 | 10 | N/A | EUR per CZK |
| HUFEUR | 316 | EHF | R | 30,000,000 | HUF | Physical | 0.0000002 | 0.0000001 | 0.0000002 | 10 | N/A | EUR per HUF |
| PLNEUR | 317 | EPZ | Z | 500,000 | PLN | Physical | 0.00002 | 0.00001 | 0.00002 | 10 | N/A | EUR per PLN |
| EUR Crosses | ||||||||||||
| EURGBP | 301 | RP | RP | 125,000 | EUR | Physical | 0.00005 | 0.000025 | 0.00001 | 50 | 20 | GBP per EUR |
| EURCAD | 302 | ECD | CC | 125,000 | EUR | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | CAD per EUR |
| EURJPY | 303 | RY | RY | 125,000 | EUR | Physical | 0.01 | 0.005 | 0.001 | 50 | N/A | JPY per EUR |
| EURCHF | 304 | RF | RF | 125,000 | EUR | Physical | 0.0001 | 0.00005 | 0.00001 | 50 | N/A | CHF per EUR |
| EURAUD | 312 | EAD | CA | 125,000 | EUR | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | AUD per EUR |
| Other Crosses | ||||||||||||
| GBPJPY | 305 | PJY | BY | 125,000 | GBP | Physical | 0.01 | 0.005 | 0.001 | 10 | N/A | JPY per GBP |
| GBPCHF | 306 | PSF | BF | 125,000 | GBP | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | CHF per GBP |
| CHFJPY | 307 | SJY | SJ | 250,000 | CHF | Physical | 0.005 | 0.0025 | 0.001 | 10 | N/A | JPY per CHF |
| AUDCAD | 308 | ACD | AC | 200,000 | AUD | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | CAD per AUD |
| AUDJPY | 309 | AJY | AJ | 200,000 | AUD | Physical | 0.01 | 0.005 | 0.001 | 10 | N/A | JPY per AUD |
| AUDNZD | 310 | ANE | AN | 200,000 | AUD | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | NZD per AUD |
| CADJPY | 311 | CJY | CY | 200,000 | CAD | Physical | 0.01 | 0.005 | 0.001 | 10 | N/A | JPY per CAD |
| GBPCAD | 324 | PCD | PCD | 125,000 | GBP | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | CAD per GBP |
| NZDJPY | 321 | NJY | NJY | 200,000 | NZD | Physical | 0.005 | 0.0025 | 0.0005 | 10 | N/A | JPY per NZD |
| EURNZD | 319 | ENZ | ENZ | 125,000 | EUR | Physical | 0.00005 | 0.000025 | 0.000005 | 10 | N/A | NZD per EUR |
| NZDCAD | 320 | NZC | NZC | 100,000 | NZD | Physical | 0.00005 | 0.000025 | 0.000005 | 10 | N/A | CAD per NZD |
| GBPAUD | 323 | PAD | PAD | 125,000 | GBP | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | AUD per GBP |
| NOKSEK | 322 | NSK | NSK | 1,000,000 | NOK | Physical | 0.00001 | 0.000005 | 0.000001 | 10 | N/A | SEK per NOK |
| GBPNOK | 325 | PNK | PNK | 125,000 | GBP | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | NOK per GBP |
| GBPSEK | 326 | PSK | PSK | 125,000 | GBP | Physical | 0.0001 | 0.00005 | 0.00001 | 10 | N/A | SEK per GBP |
| Asian NDFs | ||||||||||||
| KRWUSD | 271 | KRW | KRW | 125,000,000 | KRW | Cash | 0.0000001 | 0.0000001 | 0.0000001 | 10 | 10 | USD per KRW |
| INRUSD | 279 | SIR | SIR | 5,000,000 | INR | Cash | 0.01 | 0.005 | 0.01 | 10 | 10 | USD per 100 INR |
| CNYUSD | 270 | RMB | RMB | 1,000,000 | RMB | Cash | 0.00001 | 0.000005 | 0.00001 | 10 | 10 | USD per RMB |
| CNYEUR | 318 | RME | RME | 1,000,000 | RMB | Cash | 0.00001 | 0.000005 | 0.00001 | 10 | 10 | EUR per RMB |
FX Link
FX Link is the tradeable basis between OTC spot FX and the FX futures market, seamlessly connecting the two markets and providing a complementary pool of liquidity for FX swaps.
| FX Link | Rule Chapter | Globex Code | Clearport Code | Contract Size | Contract Size Units | Settlement of Spot Leg | Final Settlement of Underlying Future | Globex Tick | ClearPort Tick (Blocks/EFRPs) | Block Min Size (Quarterly) | Block Min Size (Monthly) | Tick Units |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | 261 & 13 | 6E:XF | N/A | 125,000 | EUR | Physical | Physical | 0.000005 | N/A | N/A | N/A | USD per EUR |
| USDJPY | 253 & 13 | 6J:YF | N/A | 12,500,000 | JPY | Physical | Physical | 0.001 | N/A | N/A | N/A | JPY per USD |
| GBPUSD | 251 & 13 | 6B:XF | N/A | 62,500 | GBP | Physical | Physical | 0.00001 | N/A | N/A | N/A | USD per GBP |
| AUDUSD | 255 & 13 | 6A:XF | N/A | 100,000 | AUD | Physical | Physical | 0.00001 | N/A | N/A | N/A | USD per AUD |
| USDCAD | 252 & 13 | 6C:YF | N/A | 100,000 | CAD | Physical | Physical | 0.00001 | N/A | N/A | N/A | CAD per USD |
| USDCHF | 254 & 13 | 6S:YF | N/A | 125,000 | CHF | Physical | Physical | 0.00001 | N/A | N/A | N/A | CHF per USD |
| NZDUSD | 258 & 13 | 6N:XF | N/A | 100,000 | NZD | Physical | Physical | 0.00001 | N/A | N/A | N/A | USD per NZD |
| USDMXN | 256 & 13 | 6M:YF | N/A | 500,000 | MXN | Physical | Physical | 0.0005 | N/A | N/A | N/A | MXN per USD |
| USDZAR | 259 & 13 | 6Z:YF | N/A | 500,000 | ZAR | Physical | Physical | 0.0005 | N/A | N/A | N/A | ZAR per USD |
FX BTIC
FX BTIC provides a direct bridge between FX futures and the published benchmark rate; a basis rate is traded which represents the spread between the underlying FX future and the official benchmark rate.
| FX BTIC | Rule Chapter | Globex Code | Clearport Code | Contract Size | Contract Size Units | Reference Benchmark | Final Settlement of Underlying Future | Globex Tick | ClearPort Tick (Blocks/EFRPs) | Block Min Size (Quarterly) | Block Min Size (Monthly) | Tick Units |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD FX BTIC | 261 | 6EB | 6EB | 125,000 | EUR | Next WMR 4pm London | Physical | 0.000005 | 0.000001 | 150 | N/A | USD per EUR |
| EURUSD FX BTIC+ | 261B | 6EP | 6EP | 125,000 | EUR | Month end WMR 4pm London | Physical | 0.000005 | 0.000001 | 150 | N/A | USD per EUR |
Micros & Minis
| Contract | Rule Chapter | Globex Code | Clearport Code | Contract Size | Contract Size Units | Final Settlment | Globex Outright Tick | Globex All Other Spreads Tick | ClearPort Tick (Blocks/EFRPs) | Block Min Size (Quarterly) | Block Min Size (Monthly) | Tick Units |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Micros | ||||||||||||
| Micro GBP/USD Futures | 290 | M6B | M6B | 6,250 | GBP | Physical | 0.0001 | 0.0001 | 0.0001 | N/A | N/A | USD per GBP |
| Micro AUD/USD Futures | 291 | M6A | M6A | 10,000 | AUD | Physical | 0.0001 | 0.0001 | 0.0001 | N/A | N/A | USD per AUD |
| Micro EUR/USD Futures | 292 | M6E | M6E | 12,500 | EUR | Physical | 0.0001 | 0.0001 | 0.0001 | N/A | N/A | USD per EUR |
| Micro JPY/USD Futures | 294 | MJY | MJY | 1,250,000 | JPY | Physical | 0.000001 | 0.000001 | 0.000001 | N/A | N/A | USD per JPY |
| Micro CAD/USD Futures | 293 | MCD | MCD | 10,000 | CAD | Physical | 0.0001 | 0.0001 | 0.0001 | N/A | N/A | USD per CAD |
| Micro CHF/USD Futures | 295 | MSF | MSF | 12,500 | CHF | Physical | 0.0001 | 0.0001 | 0.0001 | N/A | N/A | USD per CHF |
| Micro INR/USD Futures | 296 | MIR | MIR | 1,000,000 | INR | Cash | 0.01 | 0.005 | 0.01 | N/A | N/A | USD per 100 INR |
| Micro USD/CNH Futures | 344L | MNH | MNH | 10,000 | USD | Cash | 0.0001 | 0.0001 | 0.0001 | N/A | N/A | CNH per USD |
| E-Minis | ||||||||||||
| E-mini EUR/USD Futures | 262 | E7 | E7 | 62,500 | EUR | Physical | 0.0001 | 0.00005 | 0.0001 | N/A | N/A | USD per EUR |
| E-mini JPY/USD Futures | 263 | J7 | J7 | 6,250,000 | JPY | Physical | 0.000001 | 0.0000005 | 0.000001 | N/A | N/A | USD per JPY |
Options
All options are European style and deliver into underlying future if In-The-Money at expiry.
All options are auto-exercised/expired versus fixing. If exactly At-The-Money at expiry, calls are exercised and puts expired.
| Contract | Rule Chapter | Globex Code | Mon Weekly Codes | Tues Weekly Codes | Weds Weekly Codes | Thurs Weekly Codes | Fri Weekly Codes | Clearport Code | Contract Size | Contract Size Units | Expiry Time | Final Settlement of Underlying Future | Options Tick | Options Cabinet Tick | ClearPort Tick (Blocks/EFRPs) | Options Block Min Size | Tick Units |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Majors | |||||||||||||||||
| EURUSD | 261A | EUU | MO1-MO5 | TU1-TU5 | WE1-WE5 | SU1-SU5 | 1EU-5EU | EUU | 125,000 | EUR | 10am NY | Physical | 0.0001 | 0.00005 | 0.0001 | 250 | USD per EUR |
| JPYUSD | 253A | JPU | MJ1-MJ5 | TJ1-TJ5 | WJ1-WJ5 | SJ1-SJ5 | 1JY-5JY | JPU | 12,500,000 | JPY | 10am NY | Physical | 0.000001 | 0.0000005 | 0.000001 | 250 | USD per JPY |
| GBPUSD | 251A | GBU | MB1-MB5 | TG1-TG5 | WG1-WG5 | SB1-SB5 | 1BP-5BP | GBU | 62,500 | GBP | 10am NY | Physical | 0.0001 | N/A | 0.0001 | 250 | USD per GBP |
| AUDUSD | 255A | ADU | MA1-MA5 | TA1-TA5 | WA1-WA5 | SA1-SA5 | 1AD-5AD | ADU | 100,000 | AUD | 10am NY | Physical | 0.0001 | 0.00005 | 0.0001 | 250 | USD per AUD |
| CADUSD | 252A | CAU | MD1-MD5 | TL1-TL5 | WD1-WD5 | SD1-SD5 | 1CD-5CD | CAU | 100,000 | CAD | 10am NY | Physical | 0.0001 | 0.00005 | 0.0001 | 250 | USD per CAD |
| CHFUSD | 254A | CHU | 1SF-5SF | CHU | 125,000 | CHF | 10am NY | Physical | 0.0001 | 0.00005 | 0.0001 | 250 | USD per CHF | ||||
| NZDUSD | 258A | 6N | 1Z-5Z | NE | 100,000 | NZD | 10am NY | Physical | 0.0001 | 0.00005 | 0.0001 | 50 | USD per NZD | ||||
| USDCNH | 284A | CNH | 1CN-5CN | CNH | 100,000 | USD | 3pm TOK | Cash | 0.0005 | 0.00025 | 0.00025 | 100 | CNH per USD | ||||
| LATAM | |||||||||||||||||
| MXNUSD | 256A | 6M | 1M-5M | MP | 500,000 | MXN | 12.30pm NY | Physical | 0.00001 | N/A | 0.00001 | 50 | USD per MXN | ||||
| BRLUSD | 257A | BR | 1R-5R | BR | 100,000 | BRL | View PDF | Cash | 0.00001 | N/A | 0.00001 | 50 | USD per BRL | ||||
| Emerging Markets | |||||||||||||||||
| ZARUSD | 259A | RO | 1N-5N | RA | 500,000 | ZAR | 10am NY | Physical | 0.00001 | 0.000005 | 0.00001 | 50 | USD per ZAR | ||||
| RUBUSD | 260A | 6R | 6R1-6R5 | RU | 2,500,000 | RUB | 10am LDN | Cash | 0.000002 | 0.000002 | 0.000002 | 10 | USD per RUB | ||||
| CE4 | |||||||||||||||||
| CZKUSD | 266A | CKO | CZ | 4,000,000 | CZK | 10am NY | Physical | 0.000002 | 0.000001 | 0.000002 | 20 | USD per CZK | |||||
| HUFUSD | 267A | HFO | FR | 30,000,000 | HUF | 10am NY | Physical | 0.0000002 | 0.0000001 | 0.0000002 | 20 | USD per HUF | |||||
| PLNUSD | 268A | PLZ | PZ | 500,000 | PLN | 10am NY | Physical | 0.00002 | 0.00001 | 0.00002 | 20 | USD per PLN | |||||
| ILSUSD | 269A | ILS | IS1-IS5 | IS | 1,000,000 | ILS | 10am NY | Physical | 0.00001 | 0.000005 | 0.00001 | 20 | USD per ILS | ||||
| CZKEUR | 315A | ECZ | K | 4,000,000 | CZK | 10am NY | Physical | 0.000002 | 0.000001 | 0.000002 | 20 | EUR per CZK | |||||
| HUFEUR | 316A | EHU | R | 30,000,000 | HUF | 10am NY | Physical | 0.0000002 | 0.0000001 | 0.0000002 | 20 | EUR per HUF | |||||
| PLNEUR | 317A | EPL | Z | 500,000 | PLN | 10am NY | Physical | 0.00002 | 0.00001 | 0.00002 | 20 | EUR per PLN | |||||
| EUR Crosses | |||||||||||||||||
| EURGBP | 301A | RP | 1E-5E | RP | 125,000 | EUR | 10am NY | Physical | 0.00005 | 0.000025 | 0.00005 | 50 | GBP per EUR | ||||
| EURJPY | 303A | RY | 1H-5H | RY | 125,000 | EUR | 10am NY | Physical | 0.01 | 0.005 | 0.01 | 50 | JPY per EUR | ||||
| EURCHF | 304A | RF | 1I-5I | RF | 125,000 | EUR | 10am NY | Physical | 0.0001 | 0.00005 | 0.0001 | 50 | CHF per EUR | ||||
| Asian NDFs | |||||||||||||||||
| KRWUSD | 271A | KRW | KR1-5 | KRW | 125,000,000 | KRW | View PDF | Cash | 0.0000001 | N/A | 0.0000001 | 20 | USD per KRW | ||||
| CNYUSD | 270A | RMB | RB1-5 | RMB | 1,000,000 | RMB | View PDF | Cash | 0.00001 | 0.000005 | 0.00001 | 20 | USD per RMB | ||||
| CNYEUR | 318A | RME | RE1-5 | RME | 1,000,000 | RMB | View PDF | Cash | 0.00001 | 0.000005 | 0.00001 | 20 | EUR per RMB | ||||
