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Saxo Bank
27 October 2016

G6 FX Futures Options converting to European-Style options

CME are moving from American-style to European-style on G6 FX Futures options. Weekly options and Monthly options with expiries in 2017 are now traded as Eur...

CME are moving from American-style to European-style on G6 FX Futures options. Weekly options and Monthly options with expiries in 2017 are now traded as European-style options.

  • Six major premium-quoted European-style FX futures options will replace American-style premium-quoted options

  • American-style FX options currently listed on these six major FX will expire at their currently scheduled expiry

  • any new monthly  listings will be listed as European-style options

  • European-style weekly, monthly, and quarterly options on AUD/USD, GBP/USD, CAD/USD, EUR/USD, JPY/USD, and CHF/USD will exercise into the nearest quarterly futures contract   
     

Option Contract Clearing / Globex code
AUS/USD Premium-quoted European-style option
2 PM Fix
ADU
1AD – 5AD (Weeklies)
GBP/USD Premium-quoted European-style option
2 PM Fix
GBU
1BP – 5BP (Weeklies)
CAD/USD Premium-quoted European-style option
2 PM Fix
CAU
1CD – 5CD (Weeklies)
EUR/USD Premium-quoted European-style option
2 PM Fix
EUU
1EU– 5EU (Weeklies)
JPY/USD Premium-quoted European-style option
2 PM Fix
JPU
1JY – 5JY (Weeklies)
CHF/USD Premium-quoted European-style option
2 PM Fix
CHU
1SF – 5SF (Weeklies)

 

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