Weekly Equity Index Options on Futures

Wednesday Weekly FX Options on Futures

More Precise FX Risk Management

Weekly premium-quoted and volatility-quoted FX options on futures provide liquid, short-term expiration granularity that allows for more precise and capital-efficient FX risk management.

Available October 29: In Time for the FOMC Rate Announcement

Wednesday options on futures will be available for trading beginning October 29 just in time for the November 1 FOMC rate announcement. The addition of Wednesday options provides you with the opportunity to fine-tune your trading strategies, particularly ahead of mid-week market-moving events and reports. The new Wednesday options will have the exact specification of the existing options expiring on Fridays, but they will expire on Wednesdays.

Key Benefits

  • Available on EUR/USD, JPY/USD, GBP/USD, AUD/USD and CAD/USD
  • Premium-Quoted or Volatility-Quoted formats
  • European-style expiration at 2 p.m. Central Time (CT)[RM1] [RH2]
  • Four contracts listed on a rolling basis, starting with: November 1, 8, 15 and 22

Event-Driven Trading Opportunities

FX Weekly Options Volume

Weekly options provide a deep pool of liquidity for you to express views on market-moving events and economic reports, from national elections to monthly employment and inflation reports, nearly around-the-clock.

On August 4, 2017, trading activity in Weekly options quickly ramped up following the release of a stronger-than-expected Non-Farm Payroll Report, with volume reaching more 75,000 contracts (~$8.5 billion).

CAD/USD Weekly Options Volume

Weekly options contracts can help you trade more precisely against events, such as Central Bank announcements, with strong liquidity.  On July 12, market participants traded over 16,000 Canadian Dollar Weekly options (C$1.6 billion) as they reacted to the Bank of Canada’s surprise rate hike.

Remaining Central Bank Meetings for 2017

Event Upcoming Dates
FED November 1
December 13
BOC December 6
RBA November 7
December 5
BOJ October 31
December 21
BOE November 2
December 14
ECB October 26
December 14

The codes you need

Name Clearing/Floor Code Globex Code SPAN Code SPAN Combined Commodity Code
Wednesday Premium Quoted European Style Options on Australian Dollar/US Dollar Futures WA1-WA5 WA1-WA5 ADU AD
Wednesday European VQOs on Australian Dollar/US Dollar Futures VA1-VA5 VA1-VA5 ADU AD
Wednesday Premium Quoted European Style Options on British Pound/US Dollar Futures WG1-WG5 WG1-WG5 GBU BP
Wednesday European VQOs on British Pound/US Dollar Futures VG1-VG5 VG1-VG5 GBU BP
Wednesday Premium Quoted European Style Options on Canadian Dollar/US Dollar Futures WD1-WD5 WD1-WD5 CAU CD
Wednesday European VQOs on Canadian Dollar/US Dollar Futures VC1-VC5 VC1-VC5 CAU CD
Wednesday Premium Quoted European Style Options on Euro/US Dollar Futures WE1-WE5 WE1-WE5 EUU EC
Wednesday European VQOs on Euro/US Dollar Futures VE1-VE5 VE1-VE5 EUU EC
Wednesday Premium Quoted European Style Options on Japanese Yen/US Dollar Futures WJ1-WJ5 WJ1-WJ5 JPU JY
Wednesday European VQOs on Japanese Yen/US Dollar Futures VJ1-VJ5 VJ1-VJ5 JPU JY

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