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Euro/British Pound Options Contract Specs

Options
Contract Unit One futures contract for 125,000 euro
Minimum Price Fluctuation .00005 British pounds per euro increments (6.25 British pounds). Cabinet transactions may also occur at a price of .000025 British pounds per euro increments (3.125 British pounds), whether or not it results in the liquidation of positions for both parties to the trade.
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Open Outcry: 7:20 a.m. – 2:00 p.m.
Product Code CME Globex: RP
CME ClearPort: RP
Open Outcry: OP
Clearing: RP
Listed Contracts Four months in the March quarterly cycle (Mar, Jun, Sep, Dec) and 3 serial months
Settlement Procedures Option on physical delivery futures contract
Termination Of Trading Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. (2:00 p.m. CT)
Position Limits CME Position Limits
Exchange Rulebook CME 301A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Exercise Style European
Settlement Method Deliverable
Underlying Euro/British Pound Futures