Euro FX Futures and Options

Click here for your Free Euro FX Futures Trading eGuide

Euro Fx cross-rate futures and options on futures contracts reflect the value of the euro in relation to the British pound, the Japenese yen and the Swiss franc. Euro FX cross-rate futures contracts are quoted as the counter-currency (i.e, British pound) per euro and are physically delivered 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 currancy rates.

Euro FX Futures and Options
Contract Specifications

Trading Unit
Euro FX Futures: 125,000 euro Physically delivered
Euro FX Options: One Euro futures contract

Trading Hours
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
Futures: Six months in the March Quarterly cycle, Mar, Jun, Sep, Dec.
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
Futures: 1 point = $.0001 per Euro = $12.50 per contract
Options: 1 point = $.0001 per Euro = $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 < 0.0005, 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)

See Also: Eurodollar Futures