|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,5BPCME ClearPort: 1BP,2BP,3BP,4BP,5BPOpen Outcry: 1BP,2BP,3BP,4BP,5BPClearing: 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.
|Underlying||British Pound Futures|