Euro
Currency Futures and Options Trading
Learn the most effective strategies for buying and selling options
on futures contracts. Also learn producer and consumer hedging
strategies.
*The information contained within this webpage comes from sources believed to be
reliable. No guarantees are being made to the content's accuracy or
completeness.
Here is the currency option brochure courtesy of the CME
group.
Click Here.
The Euro FX contract size is 125,000 Euro. Euro FX
moves in 1 point or $.0001 per Euro increments,
which equals $12.50 per contract. Trading may also
occur in $.00005 per Euro increments, or $6.25 per
contract, for Euro FX futures intra-currency spreads
executed on the trading floor and electronically,
and for All-or-None transactions.
The Euro Currency futures contract trades six months in the March
quarterly cycle, Mar, Jun, Sep, Dec; Options on
futures contacts trade four months in the March
cycle, Mar, Jun, Sep, Dec and two months not in the
March cycle (serial months), plus 4 weekly
expirations
Euro Currency futures and options on futures contracts
traded at CME are designed to reflect changes in the
U.S. Dollar value of the Euro Currency Futures contracts are
quoted in the U.S. dollars per euro, and call for
physical delivery at expiration. Exercised options
contracts are settled by the delivery of futures
contracts.
Financial institutions, investment managers,
corporations and private investors can use Euro FX
and Euro FX cross-rate futures and options to manage
the risks associated with currency rate fluctuation
and to take advantage of profit opportunities
stemming from changes in currency rates.
*Contract information changes from time to time. Please
click here to see the most recent
contract specifications and
click here for the most recent trading hours.
Euro Currency Futures and Options
Contract Specifications
Trading Unit
Euro FX Currency Futures: 125,000 euro physically delivered
Euro FX Options: One Euro futures contract
Trading Hours
Euro Currency
Futures: Floor/7:20a.m.-2:00p.m. LTD (9:16a.m.)
GLBX2 Mon/Thurs 4:30p.m.-4:00p.m. Sun & Hol 5:30p.m.
- 4:00p.m.
Euro Currency
Options: Floor/7:20a.m.-2:00a.m. LTD (2:00p.m.)
GLBX2 Mon-Thurs 2:30p.m.-7:05a.m. Sun & Hol
5:30p.m.-7:05a.m.
Trading Months
Euro Currency
Futures: Six months in the March Quarterly cycle,
Mar, Jun, Sep, Dec.
Euro Currency
Options: Four months in the March cycle, Mar, Jun,
Sep, Dec and two months not in the March cycle
(serial months), plus 4 weekly expirations.
Point Description
Euro Currency
Futures: 1 point = $.0001 per Euro = $12.50 per
contract
Euro Currency
Options: 1 point = $.0001 per Euro = $12.50 per
contract
Minimum Price Fluctuation
Euro Currency
Futures: Regular/0.0001 = $12.50, Calendar
Spread/0.00005 = $6.25, All or none/0.00005 = $6.25
Euro Currency
Options: Regular/0.0001 = $12.50, Cab 0.00005 =
$6.25, Special "Half Tick" 0.00005 = $6.25 for
premium < 0.0005, spreads w/net premium < 0.0005,
non-generic combo trades < 0.0010.
Options Strike Prices
Options: $.01 per Euro, e.g. $1.0500, $1.0600, etc.
For the first seven expirations, additional strike
prices will be listed at $.005 intervals, e.g.,
$1.0550, $1.0650. Etc.
Product Code
Futures: Clearing=EC, Ticker=EC, GLOBEX2=6E, PRS=EC,
AON=UG, (100 Threshold)
Options: Clearing Calls/Puts=EC, Ticker Calls=EC,
Ticker Puts=EC, PRS, Calls/Puts=ZC, Weekly
Expiration Options: Calls=1XC/5XC, Puts=1XP/5XP, AON=UG
(100 Threshold)
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