Euro FX Currency Futures & Options Trading

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Euro FX Currency Futures and Options

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

Euro Fx cross-rate futures and options on futures contracts reflect the value of the euro in relation to the British pound, the Japanese yen and the Swiss franc. Euro FX cross-rate futures contracts are quoted as the counter-currency (i.e, British pound) per euro and are physically delivered at expiration. Exercised options contracts are settled by the delivery of futures contracts.

Financial institutions, investment managers, corporations and private investors can use Euro FX and Euro FX cross-rate 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.

Euro FX Currency Contract Specifications

Contract Size 125,000 euro

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: 6E
AON Code: UG

Minimum Price Increment $.0001 per euro increments ($12.50/contract). $.00005 per euro increments ($6.25/contract) for EUR/USD futures intra-currency spreads executed electronically, and for AON transactions.

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 150 Contracts

EFP Eligibility Yes. View more on EFPs.

EUR/USD American Style Premium Options

Contract Size One futures contract for 125,000 euro

Contract Month Listings Four months in the March quarterly cycle (Mar, Jun, Sep, Dec), 2 serial months and 4 weekly

Settlement Procedure Option on physical delivery futures contract

Position Accountability 10,000 contracts

Ticker Symbol American Style Quarterly and serial options:
CME Globex Electronic Markets: 6E
Open Outcry: EC

 American Style Weekly options:
CME Globex Electronic Markets: 6E1-6E5
Open Outcry: 1X - 5X
AON Code: UG

Minimum Price Fluctuation (Tick) $.0001 per euro increments ($12.50/contract). Also, trades may occur at $.00005 ($6.25), $.00015 ($18.75), $.00025 ($31.25), $.00035 ($43.75), and $.00045 ($56.25), when price is below five ticks of premium.

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.
Open Outcry (RTH) 7:20 a.m. – 2:00 p.m. Central Time (CT)
Last Trade Date / Time

View calendar Quarterly and Serial Options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. (2:00 p.m. CT)

Weekly Options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. (2:00 p.m. CT)

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 - Options 250 contracts

EFP Eligibility Yes. View more on EFPs.

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