British Pound Currency Futures Options Trading

Free British Pound Futures Trading Guide

 

British Pound sterling Currency Futures & Options Trading

FX Quarterly Review

FX Product Guide & Calendar

FX Brochure for Institutional Investors

FX Brochure for Individual Traders

FX Options Traders Handbook

 

 

British Pound Futures and Options

CME began trading British pound futures contracts in 1975, while options on futures contracts started trading in 1985. Currently CME offers markets for trading British pounds futures and options on futures on its GLOBEX electronic trading platform as well as on its trading floor. British pound futures and options on futures contracts traded at CME are designed to reflect changes in the U.S. dollar value of the pound.

The contracts size is 62,500 British pounds per contract. Trading occurs in $.0001 per British pound, or $6.25 per contract. Futures contracts are quoted in U.S. dollars per pound, and call for physical delivery at expiration. Physical delivery takes place on the third Wednesday of the contract month, in the country of issuance at a bank designated by the CME Clearing House. Exercised options on futures contracts are settled by the delivery of futures contracts.

British pound futures and options on futures contracts traded at CME are designed to reflect changes in the U.S. dollar value of the pound. Futures contracts are quoted in U.S. dollars per pound, and call for physical delivery at expiration. Exercised options contracts are settled by the delivery of futures contracts.

financial institutions, investment managers, corporations and private investors can use British pound futures and options to manage the risks associated with currency rate fluctuation and to take advantage of profit opportunities stemming from changes in currency rates.

CME British Pound Futures And Option Contract Specifications

Contract Size 62,500 British pounds

Contract Month Listings Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec)

Settlement Procedure Physical Delivery

Daily FX Settlement Procedures (PDF)

Final FX Settlement Procedures (PDF)

Position Accountability 10,000 contracts

Ticker Symbol CME Globex Electronic Markets: 6B
Open Outcry: BP
AON Code: LP

Minimum Price Increment $.0001 per British pound increments ($6.25/contract).

Trading Hours CME Globex (ETH) 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 – Friday 5:00 p.m. – 4:15 p.m. Chicago Time (CT) with a 45–minute break each day beginning at 4:15 p.m.
Open Outcry (RTH) 7:20 a.m. – 2:00 p.m. Central Time (CT)

Last Trade Date / Time
View calendar 9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).

Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.

Block Trade Eligibility Yes. View more on Block Trade eligible contracts.

Block Trade Minimum 100 Contracts

EFP Eligibility Yes. View more on EFPs.

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