EUR/USD Weekly Wednesday Options Contract Specs

Contract Unit	One futures contract for 125,000 Euro
Minimum Price Fluctuation	0.0001 per Euro increment = $12.50 0.00005 per Euro increment = $6.25 for premium below 0.0005.
Price Quotation	U.S. dollars and cents per Euro 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
	Open Outcry:	Monday - Friday 7:20 a.m. – 2:00 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
Product Code	CME Globex: 1EU,2EU,3EU,4EU,5EU CME ClearPort: 1EU,2EU,3EU,4EU,5EU Open Outcry: 1EU,2EU,3EU,4EU,5EU Clearing: 1EU,2EU,3EU,4EU,5EU
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 on Friday of the contract week. that are not also terminations for quarterly and serial options. (9:00 a.m. CT)
Position Limits	CME Position Limits
Exchange Rulebook	CME 261A
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	Euro FX Futures

Contract Unit	One futures contract for 125,000 euro
Minimum Price Fluctuation	0.0001 per euro increment = $12.50 0.00005 per euro increment = $6.25 for premium below 0.0005
Price Quotation	U.S. dollars and cents per Euro 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
	Open Outcry:	Monday - Friday 7:20 a.m. – 2:00 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
Product Code	CME Globex: EUU CME ClearPort: EUU Open Outcry: EUU Clearing: EUU
Listed Contracts	Four (4) months in the March quarterly cycle (Mar, Jun, Sep, Dec) plus eight (8) serial months.
Settlement Procedures	Option on physical delivery futures contract
Termination Of Trading	Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month.
Position Limits	CME Position Limits
Exchange Rulebook	CME 261A
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	Euro FX Futures

Contract Unit	One futures contract for 125,000 euro
Minimum Price Fluctuation	0.01 per Euro increment
Price Quotation	U.S. dollars and cents per Euro increment
Trading Hours	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
Product Code	CME Globex: VTA,VTB,VTC,VTD,VTE Clearing: VTA,VTB,VTC,VTD,VTE
Listed Contracts	Weekly contracts listed for 4 consecutive weeks
Settlement Procedures	Option on physical delivery futures contract
Termination Of Trading	Trading terminates at 4:00 p.m. CT on Thursday of the contract week.
Position Limits	CME Position Limits
Exchange Rulebook	CME 261A
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	Euro FX Futures

Contract Unit	One futures contract for 125,000 Euro
Minimum Price Fluctuation	0.01 per Euro increment
Price Quotation	U.S. dollars and cent per Euro increment
Trading Hours	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
Product Code	CME Globex: VXT Clearing: VXT
Listed Contracts	Four (4) months in the March quarterly cycle (Mar, Jun, Sep, Dec) plus eight (8) serial months.
Settlement Procedures	Option on physical delivery futures contract
Termination Of Trading	Trading terminates at 4:00 p.m. CT on the second Fridays prior to the third Wednesday of the contract month.
Position Limits	CME Position Limits
Exchange Rulebook	CME 261A
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	Euro FX Futures

Contract Unit	One futures contract for 125,000 Euro
Minimum Price Fluctuation	0.0001 per Euro increment = $12.50
Price Quotation	U.S. dollars and cents per Euro increment
Trading Hours	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: VE1,VE2,VE3,VE4,VE5 Clearing: VE1,VE2,VE3,VE4,VE5
Listed Contracts	Weekly contracts listed for 4 consecutive weeks
Settlement Procedures	Option on physical delivery futures contract
Termination Of Trading	Trading terminates at 4:00 p.m. CT on Tuesday of the contract week.
Position Limits	CME Position Limits
Exchange Rulebook	CME 261A
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Price Limits
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	Euro FX Futures

Contract Unit	One futures contract for 125,000 Euro
Minimum Price Fluctuation	0.0001 per Euro increment = $12.50 0.00005 per Euro increment = $6.25 for premium below 0.0005
Price Quotation	U.S. dollars and cents per Euro 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: WE1,WE2,WE3,WE4,WE5 CME ClearPort: WE1,WE2,WE3,WE4,WE5 Open Outcry: WE1,WE2,WE3,WE4,WE5 Clearing: WE1,WE2,WE3,WE4,WE5
Listed Contracts	Weekly contracts listed for 4 consecutive weeks
Settlement Procedures	Option on physical delivery futures contract
Termination Of Trading	Trading terminates at 9:00 a.m. CT on Wednesday of the contract week.
Position Limits	CME Position Limits
Exchange Rulebook	CME 261A
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	Euro FX Futures

Contract Unit	One futures contract for 125,000 Euro
Minimum Price Fluctuation	0.0001 per Euro increment = $12.50 0.00005 per Euro increment = $6.25 for premium below 0.0005
Price Quotation	U.S. dollars and cents per Euro 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: MO1,MO2,MO3,MO4,MO5 CME ClearPort: MO1,MO2,MO3,MO4,MO5 Open Outcry: MO1,MO2,MO3,MO4,MO5 Clearing: MO1,MO2,MO3,MO4,MO5
Listed Contracts	Weekly contracts listed for 4 consecutive weeks
Settlement Procedures	Option on physical delivery futures contract
Termination Of Trading	Trading terminates at 9:00 a.m. CT on Monday of the contract week.
Position Limits	CME Position Limits
Exchange Rulebook	CME 261A
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	+/- 8 strikes at 0.0025 interval plus an additional +/-10 strikes at 0.0050 interval
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	Euro FX Futures

Quick Links

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.

Markets Home

Market Data Home

Services Home

Education Home

EUR/USD Weekly Wednesday Options Contract Specs

Quick Links

Tools

Daily Reports and Settlements

Product Related