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GBP/USD Weekly Friday Options Contract Specs

Contract Unit One futures contract for 62,500 British pounds
Minimum Price Fluctuation 0.0001 per British pound increment = $6.25
Price Quotation U.S. dollars and cents per British pound increment
Trading Hours CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Open Outcry: Monday - Friday 7:20 a.m. – 2:00 p.m. CT
Product Code CME Globex: 1BP,2BP,3BP,4BP,5BP
CME ClearPort: 1BP,2BP,3BP,4BP,5BP
Open Outcry: 1BP,2BP,3BP,4BP,5BP
Clearing: 1BP,2BP,3BP,4BP,5BP
Listed Contracts Weekly contracts listed for 4 consecutive weeks. No weekly contract listed the week of the quarterly or serial option expiration.
Settlement Procedures Option on physical delivery futures contract
Termination Of Trading Trading terminates at 9:00 a.m. CT Friday of the contract week.
Exchange Rulebook CME 251A
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 British Pound Futures