British Pound Futures and Options

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Finanacial institutions, investment managers, corporations and private investors can use British pound futures and options to manage the risks asssociated with currency rate fluctution and to take advantage of profit opportunities stemming from changes in currency rates.

British Pound Futures and Options
Contract Specifications

Trading Unit
British Pound Futures: 62,5000 lbs. sterling (British pounds)
British Pound Options: One British pound futures contract

Trading Hours
Futures: 7:20 a.m. - 2:00 p.m. LTD (9:16a.m.) GLBX2 Mon/Thurs 4:30p.m.-4:00p.m. Sun " Holiday 5:30p.m.-4:00p.m.
Options: 7:20 a.m. - 2:00 p.m. LTD (2:00a.m.) GBLBX2 Mon/Thurs 2:30p.m. to 7:05a.m. Sun " Holiday 5:30 p.m. to 7:05 a.m.

Trading Months
British Pound Futures: Six months in the March quarterly Cycle March, June, Sep, Dec.
British Pound Options: Four months in the March cycle and two months not in the March cycle(serial months), plus 4 weekly Expiration options

Point Description
British Pound Futures: 1 point=$.0001 per pound sterling=$6.25 per contract
British Pound Options: 1 point = $.0001 per pound sterling=$6.25 per contract

Minimum Price Fluctuation
British Pound Futures-regular: 0.0002=$12.50, calendar spread: 0.0001=$6.25
British Pound Futures-regular: 0.0001=$6.25, calendar spread: 0.0001=$6.25

British Pound Options-regular: 0.0002=$12.50, cab: 0.0001=$6.25, special "half tick" 0.0001=$6.25 for premium, 0.0010, spreads w/net premium, 0.0010, non generic combo trades with total premium, 0.0020.
British Pound Options-regular: 0.0002=$12.50, cab: 0.0001=$6.25

Options Strike Prices
Strikes will be listed at $0.20 per pound sterling, e.g. $1.40, $1.42, $1.44, etc.
For the first seven expirations, additional strike prices will be listed at intervals of $.010, e.g. $1.33, $1.34, $1.35, etc