Weekly Premium Quoted European Style Options on Australian Dollar/US Dollar Futures - Contract Specs

Contract Unit	One futures contract for 100,000 Australian dollars
Minimum Price Fluctuation	$.0001 per Australian dollar increments ($10.00/contract). Also, trades may occur at $.00005 ($5.00), $.00015 ($15.00), $.00025 ($25.00), $.00035 ($35.00) and $.00045 ($45.00), when price is below five ticks of premium.
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.
	Open Outcry:	Monday - Friday 7:20 a.m. – 2:00 p.m. Central Time (CT)
	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.
Product Code	CME Globex: 1AD,2AD,3AD,4AD,5AD CME ClearPort: 1AD,2AD,3AD,4AD,5AD Open Outcry: 1AD,2AD,3AD,4AD,5AD Clearing: 1AD,2AD,3AD,4AD,5AD
Listed Contracts	Weekly contracts listed for 4 consecutive weeks with Friday expirations.
Settlement Procedures	Physical-Exercise into Futures
Termination Of Trading	Trading terminates on the four nearest Fridays that are not also terminations for quarterly and serial options. (9:00 a.m. CT)
Position Limits	CME Position Limits
Exchange Rulebook	CME 255A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European
Settlement Method	Deliverable
Underlying	Australian Dollar Futures

Contract Unit	One futures contract for 100,000 Australian dollars
Minimum Price Fluctuation	$.0001 per Australian dollar increments ($10.00/contract). Also, trades may occur at $.00005 ($5.00), $.00015 ($15.00), $.00025 ($25.00), $.00035 ($35.00) and $.00045 ($45.00), when price is below five ticks of premium.
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:	Monday - Friday 7:20 a.m. – 2:00 p.m. Central Time (CT)
Product Code	CME Globex: ADU CME ClearPort: ADU Open Outcry: ADU Clearing: ADU
Listed Contracts	Four months in the March quarterly cycle (Mar, Jun, Sep, Dec) plus 3 serial months
Settlement Procedures	Physical-Exercise into Futures
Termination Of Trading	Trading terminates on the second Friday immediately preceding the third Wednesday of the contract month. (9:00 a.m. CT)
Position Limits	CME Position Limits
Exchange Rulebook	CME 255A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European
Settlement Method	Deliverable
Underlying	Australian Dollar Futures

Contract Unit	One futures contract for 100,000 Australian dollars
Minimum Price Fluctuation	$0.01 per Australian dollar
Trading Hours	Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Product Code	CME Globex: VAA,VAB,VAC,VAD,VAE Clearing: VAA,VAB,VAC,VAD,VAE
Listed Contracts	Weekly contracts listed for 4 consecutive weeks with Friday expirations.
Settlement Procedures	Physical-Exercise into Futures
Termination Of Trading	4:00 pm CT on Thursday
Position Limits	CME Position Limits
Exchange Rulebook	CME 255A
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European
Settlement Method	Deliverable
Underlying	Australian Dollar Futures

Contract Unit	One futures contract for 100,000 Australian dollars
Minimum Price Fluctuation	$0.01 per Australian dollar
Trading Hours	Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m
Product Code	CME Globex: VXA Clearing: VXA
Listed Contracts	Four months in the March quarterly cycle (Mar, Jun, Sep, Dec) plus 3 serial months
Settlement Procedures	Physical-Exercise into Futures
Termination Of Trading	Trading terminates one business day before the second Friday immediately preceding the third Wednesday of the contract month. (4:00 p.m. CT)
Position Limits	CME Position Limits
Exchange Rulebook	CME 255A
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European
Settlement Method	Deliverable
Underlying	Australian Dollar Futures

Contract Unit	One futures contract for 100,000 Australian dollars
Minimum Price Fluctuation	$0.01 per Australian dollar
Trading Hours	Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m.
Product Code	CME Globex: VA1,VA2,VA3,VA4,VA5 Clearing: VA1,VA2,VA3,VA4,VA5
Listed Contracts	Weekly contracts listed for 4 consecutive weeks with Wednesday expirations.
Settlement Procedures	Physical-Exercise into Futures
Termination Of Trading	Trading terminates onTuesday of the contract week at 4:00 pm CT
Position Limits	CME Position Limits
Exchange Rulebook	CME 255A
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European
Settlement Method	Deliverable
Underlying	Australian Dollar Futures

Contract Unit	One futures contract for 100,000 Australian dollars
Minimum Price Fluctuation	$.0001 per Australian dollar increments ($10.00/contract). Also, trades may occur at $.00005 ($5.00), $.00015 ($15.00), $.00025 ($25.00), $.00035 ($35.00) and $.00045 ($45.00), when price is below five ticks of premium.
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:	Monday - Friday 7:20 a.m. – 2:00 p.m. Central Time (CT)
Product Code	CME Globex: WA1,WA2,WA3,WA4,WA5 CME ClearPort: WA1,WA2,WA3,WA4,WA5 Open Outcry: WA1,WA2,WA3,WA4,WA5 Clearing: WA1,WA2,WA3,WA4,WA5
Listed Contracts	Weekly contracts listed for 4 consecutive weeks with Wednesday expirations.
Settlement Procedures	Physical-Exercise into Futures
Termination Of Trading	Trading terminates Wednesday of the contract week at 9:00 a.m. CT.
Position Limits	CME Position Limits
Exchange Rulebook	CME 255A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Exercise Style	European
Settlement Method	Deliverable
Underlying	Australian Dollar Futures

Quick Links

Tools

Daily Reports and Settlements

Final Settlements

Product Related

CME ClearPort

FAQ: FX EFRP & Block Trades

Resources

Send Us Feedback

Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

Contact Us

View All

CME Group / Chicago HQ

Phone: +1 312 930 1000

Toll Free (US Only): +1 866 716 7274

Margin Services