Swiss Franc 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.
Trading in Swiss franc futures contract at CME began
in 1972, while options on futures trading became
available in 1985. CME currently offers markets for
trading Swiss francs futures and options on futures
on its GLOBEX electronic trading platform as well as
on its trading floor. Many savvy investors use the Swiss Franc futures and
options market to hedge their currency risks.
The Swiss Franc currency futures contract is designed to reflect
changes in the U.S. dollar value of the Franc.
Swiss Franc Futures contracts are quoted in U.S. dollars per
franc, and call for physical delivery at expiration.
Physical delivery takes place on the third Wednesday
of the contract month, in the country of issuance at
a bank designated by the CME Clearing House.
Exercised options on Swiss Franc futures contracts are settled
by the delivery of futures contracts.
The contract’s size is 125,000 Swiss francs per
contract. Trading occurs in $.0001 per Swiss franc,
or $12.50 per contract. Swiss franc futures trading
may also occur in $.00005 per Swiss franc contract,
equaling $6.25 per contract.
Swiss Franc currency futures trade on six months in
the March quarterly cycle, Mar, Jun, Sep, Dec.; and
also trades British pound/Swiss Franc, Euro FX/Swiss
franc, and Swiss franc/Japanese yen as part of cross
rate currency futures. Options on futures contracts
trade four months in the March cycle and two months
not in the March cycle, plus four weekly
expirations.
*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.
Swiss Franc Currency Futures and Options
Contract Specifications
Trading Unit
Swiss Franc Futures: 125,000 Swiss Francs Physically
delivered
Swiss Franc Options: One Swiss Franc Futures
Contract
Trading Hours
Swiss Franc
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.
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
Swiss Franc
Futures: Six months in the March Quarterly cycle,
Mar, Jun, Sep, Dec.
Options: Four months in the March cycle and two
months not in the March cycle, plus four weekly
expirations.
Point Description
Swiss Franc
Futures: 1 point = $.0001 per Swiss franc = $12.50
per contract
Options: 1 point = $.0001 per Swiss franc = $12.50
per contract
Minimum Price Fluctuation
Futures: Regular/0.0001 = $12.50, Calendar
Spread/0.00005 = $6.25, All or none/0.00005 = $6.25
Options: Regular/0.0001 = $12.50, Cab 0.00005 =
$6.25, Special "Half Tick" 0.00005 = $6.25 for
premium < 0.00005, spreads w/net premium < 0.00005,
non-generic combo trades < 0.0010.
Options Strike Prices
Options: $0.01 per Swiss Franc, e.g., $0.72, $0.73
plus $0.005 intervals for the first 7 listed
expirations, e.g., $0.725, $0.735, etc.
Product Code
Futures: Clearing=E1, Ticker=SF, GLOBEX2=6S, PRS=SF,
AON=LS, (20 Threshold)
Options: Clearing=SF, Ticker Calls=CF, Ticker
Puts=PF PRS Calls/Puts=OF, Weekly expiration
Options: Calls=1SC/5SC, Puts=1SP/5SP, AON=LS, (100
Threshold)
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Currency Futures,
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