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Chinese Renminbi
Chinese renminbi options provide a way to:
- Limit downside risk while maintaining exposure to the relative value of the U.S. dollar compared to the Chinese renminbi
- Manage risks associated with currency rate fluctuations in the FX markets
- Take advantage of profit opportunities stemming from changes in those rates
Things to know:
- You can trade 12 consecutive calendar months plus 4 weekly expirations
- Cash settled in U.S. dollars
- Product closely replicates the non-deliverable forward (NDF) market
- Value fluctuates in a "managed-float" tied to a basket of currencies, including the U.S. dollar, euro, Japanese yen and Korean won
- Trades solely electronically on the CME Globex platform
- Available virtually around the clock, around the world
- Complete price transparency and anonymity
- Premium-quoted with American-style expiration
- Exercise permitted at any time on or before the expiration date
- CME Clearing clears and settles all trades and guarantees counterparty creditworthiness
Interested in trading our other Chinese renminbi products?
View free real-time quotes on a variety of electronically traded CME Group products
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.
| Trade Unit | One Futures Contract | ||||
| Settle Method | Cash Settled | ||||
| Point Size | 1 point = .00001 RMB = $10.00 per contract | ||||
| Strike Price Interval | |||||
| Strike | |||||
| Limits/Price Banding | No limits | ||||
| Tick Size (Minimum Fluctuation) |
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| Trading Hours | Trading Hours: Sunday: 3:00 p.m. – 4:00 p.m. CT the next day. Monday through Friday: 5:00 p.m. – 4:00 p.m. CT the next day. Except on Friday when the CME Globex platform closes at 4:00 p.m. and reopens Sunday at 3:00 p.m. CT. | ||||
| Listed | |||||
| Product Codes | Clearing=RMB Ticker=RMB Globex=RMB Weeklies=RB1-RB5 | ||||
| Minimum Block Size | |||||
| Product Calendar | Twelve consecutive calendar month options plus one deferred March quarterly cycle contract month. Four weekly options, with a monthly underlying future. View current product listings |
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.
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| AUG08 | RB5Q08 | 08/04/2008 |  |
08/29/2008 | 08/29/2008 |
| SEP08 | RMBU08 | 09/19/2007 | |
09/16/2008 | 09/16/2008 |
| SEP08 | RB1U08 | 08/11/2008 | |
09/05/2008 | 09/05/2008 |
| SEP08 | RB2U08 | 08/18/2008 | |
09/12/2008 | 09/12/2008 |
| SEP08 | RB3U08 | 08/25/2008 | |
09/19/2008 | 09/19/2008 |
| OCT08 | RMBV08 | 10/17/2007 | |
10/14/2008 | 10/14/2008 |
| NOV08 | RMBX08 | 11/21/2007 | |
11/18/2008 | 11/18/2008 |
| DEC08 | RMBZ08 | 12/19/2007 | |
12/16/2008 | 12/16/2008 |
| JAN09 | RMBF09 | 01/16/2008 | |
01/20/2009 | 01/20/2009 |
| FEB09 | RMBG09 | 02/20/2008 | |
02/17/2009 | 02/17/2009 |
| MAR09 | RMBH09 | 03/19/2008 | |
03/17/2009 | 03/17/2009 |
| APR09 | RMBJ09 | 04/16/2008 | |
04/14/2009 | 04/14/2009 |
| MAY09 | RMBK09 | 05/20/2008 | |
05/19/2009 | 05/19/2009 |
| JUN09 | RMBM09 | 06/18/2008 | |
06/16/2009 | 06/16/2009 |
| JUL09 | RMBN09 | 07/16/2008 | |
07/13/2009 | 07/13/2009 |
| AUG09 | RMBQ09 | 08/20/2008 | |
08/17/2009 | 08/17/2009 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| SEP08 | RB4U08 | 09/02/2008 | |
09/26/2008 | 09/26/2008 |
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.