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Swiss Franc Futures and Options

Free Swiss Franc Futures Trading eGuide

Swiss franc futures and options on futures contracts traded at CME are designed to reflect changes in the U.S. dollar value of the franc. Futures contracts are quoted in U.S. dollars per franc, 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 Swiss franc 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 Specifications

Trading Unit
Swiss Franc Futures: 125,000 Swiss Francs Physically delivered
Swiss Franc Options: One Swiss Franc 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 and two months not in the March cycle, plus four weekly expirations.

Point Description
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)

See Also: British Pound Futures, Canadian Dollar Futures, Japenese Yen Futures, Euro FX Futures