LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
CME Group (NASDAQ: CME) just announced that effective Sunday, August 7, 2016 for trade date Monday, August 8, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange will make available its six (6) existing FX weekly options contracts for trading on CME Globex and for submission for clearing through CME ClearPort (see table below.)
CME Globex, was the first global electronic futures trading platform, introduced in 1992 to complement the traditional open outcry system in order to enhance trading efficiency and extend trading hours.
Currently, the weekly option contracts are only available for trading on the CME trading floor.
Contracts to list:
- Mexican Peso/US Dollar (MXN/USD)
- Brazilian Real/US Dollar (BRL/USD)
- New Zealand Dollar/US Dollar (NZD/USD)
- Euro/British Pound (EUR/GBP)
- Euro/Japanese Yen (EUR/JPY)
- Euro/Swiss Franc (EUR/CHF)
Globex and CME ClearPort hours are Sunday through Friday, 5:00 p.m. to 4:00 p.m. Chicago Time, with a one-hour break Monday through Thursday, beginning at 4:00 p.m. CT. The CME Trade Matching Algorithm for the Contracts will be first-in, first out.