British Pound Futures and OptionsBritish pound futures and options on futures contracts traded at CME aredesigned to reflect changes in the U.S. dollar value of the pound. Futurescontracts are quoted in U.S. dollars per pound, and call for physical deliveryat expiration. Exercised options contracts are settled by the delivery offutures contracts.Finanacial institutions, investment managers, corporations and private investors can use British pound futures and options to manage the risks asssociated with currency rate fluctution and to take advantage of profit opportunities stemming from changes in currency rates. British Pound Futures and Options
Contract SpecificationsTrading Unit
British Pound Futures: 62,5000 lbs. sterling (British pounds)
British Pound Options: One British pound futures contract Trading Hours
Futures: 7:20 a.m. - 2:00 p.m. LTD (9:16a.m.) GLBX2 Mon/Thurs 4:30p.m.-4:00p.m. Sun " Holiday 5:30p.m.-4:00p.m.
Options: 7:20 a.m. - 2:00 p.m. LTD (2:00a.m.) GBLBX2 Mon/Thurs 2:30p.m. to 7:05a.m. Sun " Holiday 5:30 p.m. to 7:05 a.m. Trading Months
British Pound Futures: Six months in the March quarterly Cycle March, June, Sep, Dec.
British Pound Options: Four months in the March cycle and two months not in the March cycle(serial months), plus 4 weekly Expiration options Point Description
British Pound Futures: 1 point=$.0001 per pound sterling=$6.25 per contract
British Pound Options: 1 point = $.0001 per pound sterling=$6.25 per contract Minimum Price Fluctuation
British Pound Futures-regular: 0.0002=$12.50, calendar spread: 0.0001=$6.25
British Pound Futures-regular: 0.0001=$6.25, calendar spread: 0.0001=$6.25 British Pound Options-regular: 0.0002=$12.50, cab: 0.0001=$6.25, special "half tick" 0.0001=$6.25 for premium, 0.0010, spreads w/net premium, 0.0010, non generic combo trades with total premium, 0.0020.
British Pound Options-regular: 0.0002=$12.50, cab: 0.0001=$6.25 Options Strike Prices
Strikes will be listed at $0.20 per pound sterling, e.g. $1.40, $1.42, $1.44, etc.
For the first seven expirations, additional strike prices will be listed at intervals of $.010, e.g. $1.33, $1.34, $1.35, etc |