Products & Trading » FX » GBP/USD
Contact Us

fxteam@cmegroup.com

CME Group/Chicago HQ
Main Switchboard
Local: 312-930-1000
Toll Free: 866-716-7274

Customer Service
Product inquiries, website issues, and specific questions
Phone: 312-930-2316
Toll Free: 800-331-3332
E-mail: info@cmegroup.com

More CME Group Direct Lines
Click for phone list by department

FX Products
View an FX Product
GBP/USD Options
Quotes | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 


Type

American Style Premium | American Style Volatility | European Style Premium | European Style Volatility

GBP/USD American Style Premium Options
Contract Size One futures contract for 62,500 British pounds
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: 6B
Open Outcry: CP
Puts: PP

American Style Weekly options:
CME Globex Electronic Markets: 6B1-6B5
Open Outcry: 1B - 5B
AON Code: LP

View product and vendor codes
Minimum Price Fluctuation (Tick) $.0001 per British pound increments ($6.25/contract).
Trading Hours
OPEN OUTCRY (RTH)
7:20 a.m.-2:00 p.m.
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.
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.
 
GBP/USD American Style Volatility Options
Contract Size One futures contract for 62,500 British pounds
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 Volatility Quoted Options: V6B
Volatility Quoted Weekly Options: VB1-VB5

View product and vendor codes
Minimum Price Increment 0.025 percent of implied volatility. Following a volatility trade, CME Globex will convert the volatility-traded options position into a premium-based options position for clearing. This converted tick price will be rounded to the nearest minimum tick of $0.00002 per British pound.
Trading Hours
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.
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)

However, please note that volatility quote trading for a given option ends on the day before termination of trading. Premium-based trading continues through and including the termination of trading for the option.
 
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
 
GBP/USD European Style Premium Options
Contract Size One futures contract for 62,500 British pounds
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 European Style Options:
CME Globex Electronic Markets: XB
Open Outcry: YB

European Style Weekly options:
CME Globex Electronic Markets: XB1-XB5
Open Outcry: 1P-5P
AON Code: 0P

View product and vendor codes
Minimum Price Fluctuation (Tick) $.0001 per British pound increments ($6.25/contract).
Trading Hours
OPEN OUTCRY (RTH)
7:20 a.m.-2:00 p.m.
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.
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. (9:00 a.m. CT)

Weekly Options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. (9:00 a.m. CT)
 
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
 
GBP/USD European Style Volatility Options
Contract Size One futures contract for 62,500 British pounds
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 European Style Volatility Quoted Options: VXB
European Style Volatility Quoted Weekly Options: VBA-VBE

View product and vendor codes
Minimum Price Fluctuation (Tick) 0.025 percent of implied volatility. Following a volatility trade, CME Globex will convert the volatility-traded options position into a premium-based options position for clearing. This converted tick price will be rounded to the nearest minimum tick of $0.00002 per British pound.
Trading Hours
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.
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. (9:00 a.m. CT)

Weekly Options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. (9:00 a.m. CT)

However, please note that volatility quote trading for a given option ends on the day before termination of trading. Premium-based trading continues through and including the termination of trading for the option.
 
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.