Product Overview

What are Micro British Pound futures?

At 1/10th the size of standard British Pound futures (GPB/ USD) contract and 1/10th the risk exposure, these futures contracts allow market participants of all sizes to take a position on the value of the British pound vs. the US dollar at a fraction of the upfront cost.

Why trade Micro British Pound futures?

  1. Allows traders to customize their exposure using a smaller contract.
  2. Third most widely held reserved currency and the fourth most traded currency often affected by economic events in both the United States and the United Kingdom.
  3. Typically has an inverse relationship with the US dollar, creating opportunities.

How do you trade Micro British Pound futures?

If you have exposure to foreign currencies or are looking to accept risk in the FX marketplace, then trading Micro British Pound futures (GBP/ USD) offers the opportunity to hedge your risk or express an opinion on the value of one currency versus another.

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Contract Specifications


Contract Month

H, M, U, Z March, June, September, December

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Product

Micro GBP/USD

Contract Size

6,250 pounds

Trading Venue

CME offers electronic trading almost 24/10

Minimum Tick

0.0001 USD per GBP

Product Symbol

M6B

Dollar Value of One Tick

$0.625 per contract

Price Limit or Circuit

Price Limits

Settlement Method

Deliverable

Options Available

No

Termination of Trading

9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).

Contract Specifications


Product Name

Options Expirations

Options Symbol

Trading Venue

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Type Of Expiration

Minimum Tick Size

Micro GBP/USD M6B Price

Open
High
Low
Change
% Change
Volume
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Last Trade as of CST. 10 Minutes Delayed Quote. Powered by CQG

Futures Calendar

29 NOV
No Event