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British Pound/Japanese Yen

Product Overview

British pound/Japanese yen futures provide a way to:

  • Assess changes in the relative value of the British pound and Japanese yen
  • Manage risks associated with currency rate fluctuations in the FX markets
  • Take advantage of profit opportunities stemming from changes in those rates
  • More

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General News & Announcements for Foreign Exchange
RSS

CME Group to Offer Volatility-Based Quoting Convention for FX Options

Volatility-based quoting is now offered six FX options on futures contracts: Euro FX, British Pound, Japanese Yen, Canadian Dollar, Swiss Franc and Australian Dollar. These products are traded exclusively on the CME Globex electronic platform.


CME Group FX Reports Record March Volume

CME Group FX continues its momentum in 2008 with average daily volume of 759,000 contracts in the month of March. This is up 16 percent from the same period in 2007 and represents a notional value of $109 billion. Record volumes were posted across all CME Group products.


CME Product Market Data
Report Type

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Contract Specification View
Trade Unit 125,000 British pounds
Settle Method Delivery
Point Size 1 point = 0.01 JPY/GBP = 1,250 JPY per contract
Strike Price Interval
Strike
Limits/Price Banding No limits
Tick Size (Minimum Fluctuation)
Regular0.01= 1,250 JPY
Calendar Spread0.005=625 JPY
All or None0.005=625 JPY
Trading Hours Mon/Thur 5:00 p.m.-4:00 p.m. Sun & Hol 3:00 p.m.-4:00 p.m.
Listed
Product Codes Clearing=BY Ticker=PJY GLOBEX=PJY AON=UPY(5 Threshold)
Minimum Block Size
Product Calendar Six months in the March Quarterly Cycle. Mar, Jun, Sep, Dec.
View current product listings
General News & Announcements for Foreign Exchange
RSS

CME Group to Offer Volatility-Based Quoting Convention for FX Options

Volatility-based quoting is now offered six FX options on futures contracts: Euro FX, British Pound, Japanese Yen, Canadian Dollar, Swiss Franc and Australian Dollar. These products are traded exclusively on the CME Globex electronic platform.


CME Group FX Reports Record March Volume

CME Group FX continues its momentum in 2008 with average daily volume of 759,000 contracts in the month of March. This is up 16 percent from the same period in 2007 and represents a notional value of $109 billion. Record volumes were posted across all CME Group products.


Contracts Currently Eligible to Trade and Recently Expired Contracts
Contract Month Product Code First Trade Date Last Trade Date Settlement Date
SEP08 BYU08 03/20/2007 Add to Outlook 09/15/2008 09/15/2008
DEC08 BYZ08 06/19/2007 Add to Outlook 12/15/2008 12/15/2008
MAR09 BYH09 09/18/2007 Add to Outlook 03/16/2009 03/16/2009
JUN09 BYM09 12/18/2007 Add to Outlook 06/15/2009 06/15/2009
SEP09 BYU09 03/18/2008 Add to Outlook 09/14/2009 09/14/2009
DEC09 BYZ09 06/17/2008 Add to Outlook 12/14/2009 12/14/2009
General News & Announcements for Foreign Exchange
RSS

CME Group to Offer Volatility-Based Quoting Convention for FX Options

Volatility-based quoting is now offered six FX options on futures contracts: Euro FX, British Pound, Japanese Yen, Canadian Dollar, Swiss Franc and Australian Dollar. These products are traded exclusively on the CME Globex electronic platform.


CME Group FX Reports Record March Volume

CME Group FX continues its momentum in 2008 with average daily volume of 759,000 contracts in the month of March. This is up 16 percent from the same period in 2007 and represents a notional value of $109 billion. Record volumes were posted across all CME Group products.


Product Education

Learning Links
CME Group FX for the Individual Trader
Dynamics of Foreign Exchange – Free Online Course
Advanced Trading Strategies for FX Traders - Free Online Course
Trading CME Group FX Futures CD-ROM
The Birth of FX Futures (Podcast)
CME E-quivalents Demo
Archived Webinars

Events
CME Group FX Event Calendar (PDF)

Real-Time Quotes
CME E-quivalents - FX futures and options in spot equivalent prices - free, real time and online

Publications

Brochures
FX 2008 Product Guide & Calendar (PDF)
FX Brochure for Institutional Investors (PDF)
FX Brochure for Individual Traders (PDF)
FX Options on CME Globex (PDF)

Subscriptions
Email Subscription Center
FX Quarterly Newsletter
FX Update

Translated Brochures
Simplified Chinese – FX Brochure for Institutional Investors (PDF)
Simplified Chinese – FX Brochure for Individual Traders (PDF)
Japanese – FX Brochure for Institutional Investors (PDF)
Korean – FX Brochure for Individual Traders (PDF)

Contract Related

Side-by-side CME Group FX futures
FX futures delivery
All-or-None FAQ (PDF)
CME Group Currency Fixing Price Methodology
CME Group FX Physical Delivery Contracts Final Settlement Prices (PDF)
CME Group FX Cash Settled Contracts Final Settlement Prices
Daily CME Group Currency Fixing Price
FX Quarterly Roll dates

Industry Related Links
ACI
Bank for International Settlements
Currency Headlines
European Commission's Europa
European Union in the U.S.
European Central Bank (ECB)
Global View
Federal Reserve Bank of NY-Foreign Exchange
Yahoo/Reuters Currency News