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Australian Dollar Option (American) Contract Specs

Options
Contract Unit One futures contract for 100,000 Australian dollars
Minimum Price Fluctuation 0.0001 per Australian dollar increment = $10.00
0.00005 per Australian dollar increment = $5.00 for premium below 0.0005.
Price Quotation U.S. dollars and cents per Australian dollar increment
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Open Outcry: Monday - Friday 7:20 a.m. – 2:00 p.m. CT
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
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. No weekly contract listed the week of the quarterly or serial option expiration.
Settlement Procedures Physical-Exercise into Futures
Termination Of Trading Trading terminates at 9:00 a.m. CT on Friday of the contract week.
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 style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.
In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned.
An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.
Settlement Method Deliverable
Underlying Australian Dollar Futures