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British pound Futures and Options Trading

Trade Unit 62,500 pounds sterling (British pounds)
1 point = $.0001 per pound sterling = $6.25 per contract
Contract Listing Six months in the March Quarterly Cycle Mar, Jun, Sep, Dec. See notes+++, **
Strike Price Interval N/A
Product Code Clearing=BP
Ticker=BP
GLOBEX=6B
AON=LP
(20 Threshold)&
Trading Venue: Floor
Hours 7:20 a.m.-2:00 p.m. LTD(9:16 a.m.)^
Listed All listed series
Strike N/A
Limits No limits
Minimum Fluctuation Regular 0.0001=$6.25
Calendar Spread 0.0001=$6.25
All or None 0.0001=$6.25
Trading Venue: GLOBEX®
Hours Mon/Thur 5:00 p.m.-4:00 p.m.; Sun & Hol 5:00 p.m.-4:00 p.m.
Listed All listed series plus 3 calendar spreads.
Strike N/A
Limits No limits
Minimum Fluctuation Regular 0.0001=$6.25
Calendar Spread 0.0001=$6.25

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British pound Futures Commodity Contract Specifications

British Pound Futures

Investors can use British pound futures and Commodity options on futures to manage the risks associated with currency exchange rate fluctuations and to profit from changes in exchange currency rates.

The British pound is the currency of the United Kingdom as well as a major currency traded worldwide by banks, corporations, institutions, commodity funds, futures traders and currency brokers. British pound futures trading at Chicago Mercantile exchange helps to keep the contract in line with larger scale worldwide bank and institutional trading.

British pound futures currency contracts began trading in 1975, while Commodity options contracts started trading in 1985. Currently British pounds futures and commodity options on futures trade Globex ® as well as on its trading floor. British pound futures and options on futures contracts traded are designed to reflect changes in the U.S. dollar value of the pound.

The contract's Specs 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 trade on six months in the March quarterly cycle, Mar, Jun, Sep, Dec.; and trade as British pound/Japanese yen, British pound/Swiss Franc, Euro FX/British pound as part of cross rate currency futures. Options on futures contracts trade four months in the March cycle and two months not in the March cycle (serial months), plus four weekly expirations.

Commodity Futures and Options Contract Specifications Main

 

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Trading in futures and options involves a high degree of risk and may not be suitable for everyone.