CME Group British Pound

British Pound Futures 	British Pound Futures 	British Pound Futures
Contract Unit 	62,500 British pounds 	62,500 British pounds
Trading Hours 	CME Globex: 	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation	Outrights: 0.0001 USD per GBP increments ($6.25 USD).
Consecutive Month Spreads: (Globex only) 0.00001 USD per GBP (0.625 USD)
All other Spread Combinations: 0.00005 USD per GBP (3.125 USD)	Outrights: 0.0001 USD per GBP increments ($6.25 USD).
Consecutive Month Spreads: (Globex only) 0.00001 USD per GBP (0.625 USD)
All other Spread Combinations: 0.00005 USD per GBP (3.125 USD)
Product Code 	CME Globex: 6B
CME ClearPort: BP
Clearing: BP 	CME Globex: 6B
CME ClearPort: BP
Clearing: BP
Listed Contracts 	Contracts listed for the first 3 consecutive months and 20 months in the March quarterly cycle (Mar, Jun, Sep, Dec) 	Contracts listed for the first 3 consecutive months and 20 months in the March quarterly cycle (Mar, Jun, Sep, Dec)
Settlement Method 	Deliverable 	Deliverable
Termination of Trading 	9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).	9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Settlement Procedures 	Physical Delivery
GBP/USD Futures Settlement Procedures" 	Physical Delivery
GBP/USD Futures Settlement Procedures"
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 251 	CME 251
Block minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
British Pound Options 	British Pound Options 	British Pound Options
Contract Unit 	One futures contract for 62,500 British pounds 	One futures contract for 62,500 British pounds
Minimum Price Fluctuation 	0.0001 per British pound increment = $6.25 	0.0001 per British pound increment = $6.25
Price Quotation 	U.S. dollars and cents per British pound increment 	U.S. dollars and cents per British pound increment
Trading Hours 	CME Globex: 	Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Trading Hours 	Open Outcry: 	Monday - Friday 7:20 a.m. – 2:00 p.m. CT
Product Code 	CME Globex: 1BP,2BP,3BP,4BP,5BP
CME ClearPort: 1BP,2BP,3BP,4BP,5BP
Open Outcry: 1BP,2BP,3BP,4BP,5BP
Clearing: 1BP,2BP,3BP,4BP,5BP 	CME Globex: 1BP,2BP,3BP,4BP,5BP
CME ClearPort: 1BP,2BP,3BP,4BP,5BP
Open Outcry: 1BP,2BP,3BP,4BP,5BP
Clearing: 1BP,2BP,3BP,4BP,5BP
Listed Contracts 	Weekly contracts listed for 4 consecutive weeks. No weekly contract listed the week of the quarterly or serial option expiration. 	Weekly contracts listed for 4 consecutive weeks. No weekly contract listed the week of the quarterly or serial option expiration.
Settlement Procedures 	Option on physical delivery futures contract 	Option on physical delivery futures contract
Termination of Trading 	Trading terminates at 9:00 a.m. CT Friday of the contract week. 	Trading terminates at 9:00 a.m. CT Friday of the contract week.
Position Limits 	CME Position Limits 	CME Position Limits
Excahnge Rulebook 	CME 251A 	CME 251A
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike prices will be listed in increments of one-quarter of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next twenty four (24) consecutive higher and the next twenty four (24) consecutive lower strike prices.	Strike prices will be listed in increments of one-quarter of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next twenty four (24) consecutive higher and the next twenty four (24) consecutive lower strike prices.
Exercise Style 	European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.
In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned.
An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.	European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.
In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned.
An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.
Settlemnt Method 	Deliverable 	Deliverable
Underlying 	British Pound Futures 	British Pound Futures
											
== Notes ==
E-quivalents®, a Web-based application that displays real-time CME Group eFX futures prices in spot equivalent terms is available for traders accustomed to trading FX spot markets. 
== Also See ==
CME Group foreign currency products
== Resources ==
*British Pound Contract Specification
Category:CME Group
*GBP/USD Futures Settlement Procedures
*CME Postion Limits
*[http://www.cmegroup.com/rulebook/CME/III/250/251/251.pdf CME 251
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
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Category:British Pound Futures Contracts
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Category:British Pound Options
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