CME Group Euro FX/Japanese Yen

Euro FX/Japanese Yen Futures	Euro FX/Japanese Yen Futures 	Euro FX/Japanese Yen Futures
Contract Unit 	125,000 euro 	125,000 euro
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 	.01 Japanese yen per euro increments (1,250 Japanese yen). .005 Japanese yen per euro increments (625 Japanese yen) for EUR/JPY futures intra-currency spreads executed electronically.	.01 Japanese yen per euro increments (1,250 Japanese yen). .005 Japanese yen per euro increments (625 Japanese yen) for EUR/JPY futures intra-currency spreads executed electronically.
Product Code 	CME Globex: RY
CME ClearPort: RY
Clearing: RY 	CME Globex: RY
CME ClearPort: RY
Clearing: RY
Listed Contracts 	Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) 	Six 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 	EUR/JPY Settlement Procedures 	EUR/JPY Settlement Procedures
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 303 	CME 303
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
Euro FX/Japanese Yen Options	Euro FX/Japanese Yen Options 	Euro FX/Japanese Yen Options
Contract Unit 	One futures contract for 125,000 Euro 	One futures contract for 125,000 Euro
Minimum Price Fluctuation 	0.01 per Euro increment = 1,250 Japanese yen
0.005 per Euro increment = 625 Japanese yen for premium below 0.05 	0.01 per Euro increment = 1,250 Japanese yen
0.005 per Euro increment = 625 Japanese yen for premium below 0.05
Price Quotation 	Japanese yen per Euro increment 	Japanese yen per Euro increment
Trading Hours 	CME Globex: 	Sunday - Friday 5:00 p.m. - 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: 	7:20 a.m. – 2:00 p.m. CT
Product Code 	CME Globex: RY
CME ClearPort: RY
Open Outcry: ZO
Clearing: RY 	CME Globex: RY
CME ClearPort: RY
Open Outcry: ZO
Clearing: RY
Listed Contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months
Settlement Procedures 	Options on physical delivery futures contract 	Options on physical delivery futures contract
Termination of Trading 	Trading terminates at 9:00 a.m. CT on the second Friday immediately preceding the third Wednesday of the contract month. 	Trading terminates at 9:00 a.m. CT on the second Friday immediately preceding the third Wednesday of the contract month.
Position Limits 	CME Position Limits 	CME Position Limits
Excahnge Rulebook 	CME 303A 	CME 303A
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
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.
Settlement Method 	Deliverable 	Deliverable
Underlying 	Euro/Japanese Yen Futures 	Euro/Japanese Yen Futures
== Notes ==
== Resources ==
CME Group Euro FX/Japanese Yen Contract Specifications
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