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EUR/USD Weekly Wednesday Volatility-Quoted Options - Contract Specs

Options
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

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