PRODUCTS PRODUCT GUIDE AND CALENDAR

Transcription

1 PRODUCTS 2015 PRODUCT GUIDE AND CALENDAR

2 As the world's leading and most diverse derivatives marketplace, CME Group (cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

3 2015 FX Product Guide and Calendar CME FX The Smart Solution for an Evolving Global Landscape Participants in today s global FX marketplace are facing numerous challenges: Historically low volatility, rising costs from changing regulations and a shrinking pool of liquidity providers. To successfully navigate these challenges and uncover the compelling opportunities still available, you need an experienced partner with a broad range of efficient, flexible product solutions: CME FX. When It Comes to Trading FX, The Choice is Clear CME FX. From the Sydney open to the Chicago close, no one offers you more ways to capitalize on FX opportunities, effectively manage risk and increase capital efficiency of your trading. Broadest listed FX product offering, now with both US and EU jurisdictional choices CME FX: 71 futures, 30 options on 23 currencies FX on CME Europe: 30 futures on 24 currencies Flexible execution choices, enhanced access to liquidity CME Globex Privately negotiated blocks and Exchange for Physicals (EFPs) CME ClearPort CME Direct Source: Bank of International s Triennial Central Bank Survey, September 2013.

4 cmegroup.com/fx Full range of OTC FX clearing services via CME (US) 12 OTC NDFs 26 Cash-Settled Forwards Global and increasingly diverse customer base Banks, hedge funds, CTAs, Investment managers, insurance companies, proprietary trading firms, pension funds, multinationals, individual traders a world of participants rely on our markets for hedging and trading needs every day. Learn more at cmegroup.com/fx

5 WELCOME TO THE 2015 FX PRODUCT GUIDE AND CALENDAR For the convenience of our customers, this calendar provides an overview of contract specifications, expiration dates and relevant economic release dates for TABLE OF CONTENTS CONTRACT SPECIFICATIONS SECTION GUIDE 1 TRADING HOURS 4 MAJORS 7 CROSS RATES 25 EMERGING MARKETS 43 E-MICROS & E-MINIS 79 INDEXES 95 VOLATILITY-BASED CONTRACTS CALENDAR 111 CONTACT INFORMATION 125

6 2015 FX Product Guide and Calendar CME FX FUTURES AND OPTIONS: CONTRACT SPECIFICATIONS All contracts listed herein are listed with, and subject to, the rules and regulations of CME Group s United States Designated Contract Market ( CME ) and not of its UK subsidiary, CME Europe Limited. MAJORS FX FUTURES AND OPTIONS CONTRACTS AUD/USD 8 CAD/USD 10 CHF/USD 12 EUR/USD 14 GBP/USD 16 JPY/USD 18 NOK/USD 20 NZD/USD 21 SEK/USD 23 CROSS RATES FX FUTURES AND OPTIONS CONTRACTS AUD/CAD 26 AUD/JPY 27 AUD/NZD 28 CAD/JPY 29 CHF/JPY 30 EUR/AUD 31 EUR/CAD 32 EUR/CHF 33 EUR/GBP 35 EUR/JPY 37 EUR/NOK 39 EUR/SEK 40 GBP/JPY 41 GBP/CHF 42 1

7 cmegroup.com/fx EMERGING MARKETS FX FUTURES AND OPTIONS CONTRACTS BRL/USD 44 CNY/EUR 46 CNY/USD 48 USD/CNY 50 CZK/USD 51 CZK/EUR 53 EUR/TRY 55 HUF/USD 56 HUF/EUR 58 ILS/USD 60 INR/USD 62 KRW/USD 63 MXN/USD 65 PLN/USD 67 PLN/EUR 69 RUB/USD 71 USD/CLP 73 USD/CNH 74 USD/TRY 75 USD/ZAR 76 ZAR/USD 77 E-MICROS & E-MINIS FX FUTURES CONTRACTS E-MICRO AUD/USD 80 E-MICRO CAD/USD 81 E-MICRO USD/CAD 82 E-MINI EUR/USD 83 E-MICRO EUR/USD 84 E-MICRO GBP/USD 85 E-MICRO INR/USD 86 E-MINI JPY/USD 87 E-MICRO JPY/USD 88 E-MICRO USD/JPY 89 E-MICRO USD/CHF 90 E-MICRO CHF/USD 91 2

8 2015 FX Product Guide and Calendar E-MICRO USD/CNH 92 E-MICRO USD/CNY 93 INDEXES FX FUTURES CONTRACTS DOW JONES CME FX$INDEX 96 VOLATILITY-BASED CONTRACTS FX FUTURES CONTRACTS AUD/USD QUARTERLY VARIANCE 98 AUD/USD SEMI-ANNUAL VARIANCE 99 AUD/USD ANNUAL VARIANCE 100 EUR/USD QUARTERLY VARIANCE 101 EUR/USD SEMI-ANNUAL VARIANCE 102 EUR/USD ANNUAL VARIANCE 103 GBP/USD QUARTERLY VARIANCE 104 GBP/USD SEMI-ANNUAL VARIANCE 105 GBP/USD ANNUAL VARIANCE 106 JPY/USD QUARTERLY VARIANCE 107 JPY/USD SEMI-ANNUAL VARIANCE 108 JPY/USD ANNUAL VARIANCE 109 3

9 cmegroup.com/fx TRADING HOURS CME Globex: Chicago (Central Time): Sunday Opens at 5:00 p.m. (for the next trade date) 4:00 p.m. the following day. Monday through Friday Opens at 5:00 p.m. (for the next trade date) 4:00 p.m. the next day. Except on Friday Closes at 4:00 p.m. and reopens Sundays at 5:00 p.m. London (GMT): Sunday Opens at 11:00 p.m. (for the next trade date) 10:00 p.m. the following day. Monday through Friday Opens at 11:00 p.m. (for the next trade date) 10:00 p.m. the next day. Except on Friday Closes at 10:00 p.m. and reopens Sundays at 11:00 p.m. Singapore (UTC/GMT+8): Monday Opens at 7:00 a.m. 6:00 a.m. the following day. Tuesday through Saturday Opens at 7:00 a.m. 6:00 a.m. the next day. Except on Saturday Closes at 6:00 a.m. and reopens Monday at 7:00 a.m. Tokyo (UTC/GMT+9): Monday Opens at 8:00 a.m. 7:00 a.m. the following day. Tuesday through Saturday Opens at 8:00 a.m. 7:00 a.m. the next day. Except on Saturday Closes at 7:00 a.m. and reopens Monday at 8:00 a.m. 4

10 2015 FX Product Guide and Calendar Open Outcry: Chicago (Central Time): Monday through Friday: 7:20 a.m. 2:00 p.m. Central Time London (GMT): Monday through Friday: 1:20 p.m. 8:00 p.m. Singapore (UTC/GMT+8): Monday through Friday: 9:20 p.m. 4:00 a.m. Tokyo (UTC/GMT+9): Monday through Friday: 10:20 p.m. 5:00 a.m. CME ClearPort: Chicago (Central Time): Sunday through Friday 5:00 p.m. 4:15 p.m. with a 45-minute break each day beginning at 4:15 p.m. London (GMT): Sunday through Friday 11:00 p.m. 10:15 p.m. the following day with a 45-minute break each day beginning at 10:15 p.m. Singapore (UTC/GMT+8): Monday through Saturday 7:00 a.m. 6:15 a.m. the following day with a 45-minute break each day beginning at 6:15 a.m. Tokyo (UTC/GMT+9): Monday through Saturday 8:00 a.m. 7:15 a.m. the following day with a 45-minute break each day beginning at 7:15 a.m. Note: Times listed are when daylight saving time is not in effect. 5

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12 2015 FX Product Guide and Calendar MAJORS FX FUTURES AND OPTIONS CONTRACTS AUD/USD 8 CAD/USD 10 CHF/USD 12 EUR/USD 14 GBP/USD 16 JPY/USD 18 NOK/USD 20 NZD/USD 21 SEK/USD 23 7

13 cmegroup.com/fx MAJORS FX FUTURES AND OPTIONS CONTRACTS AUD/USD 100,000 Australian dollars Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: 6A Open Outcry: AD Trading can occur in $.0001 per Australian dollar increments ($10.00/contract). Also, trades can occur in $ per Australian dollar increments ($5.00/contract) for AUD/USD futures intra-currency spreads executed on the trading floor and electronically. Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 8

14 2015 FX Product Guide and Calendar AUD/USD Options Quarterly and serial options: Open Outcry Calls: KA Puts: JA; Globex: 6A Weekly options: Open Outcry: 1A-5A; Globex: 6A1-6A5 European-style options: Open Outcry: XA; Globex: XAD European-style weekly options: Open Outcry: AD1-AD5; Globex: XA1-XA5 Pricing Conventions and Calculating Cash Premiums An Australian dollar option price quoted as 1.58 is equivalent to 1.58 x 0.01 = when the price is quoted in full. The cash price of the option is x 100,000 (contract size) = $1, $.0001 per Australian dollar = $10.00/contract; also, trades may occur at $ ($5.00), $ ($15.00), $ ($25.00), $ ($35.00) and $ ($45.00), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 9

15 cmegroup.com/fx CAD/USD 100,000 Canadian dollars Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: 6C Open Outcry: CD Trading can occur in $.0001 per Canadian dollar increments ($10.00/ contract). Also, trades can occur in $ per Canadian dollar increments ($5.00/contract) for CAD/USD futures intra-currency spreads executed on the trading floor and electronically. Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the business day immediately preceding the third Wednesday of the contract month (usually Tuesday). 10

16 2015 FX Product Guide and Calendar CAD/USD Options Quarterly and serial options: Open Outcry Calls: CV; Puts: PV; Globex: 6C Weekly options: Open Outcry: 1C-5C; Globex: 6C1-6C5 European-style options: Open Outcry: YD; Globex: XD European-style weekly options: Open Outcry: 1D-5D; Globex: XD1-XD5 Pricing Conventions and Calculating Cash Premiums A Canadian dollar option price quoted as 1.58 is equivalent to 1.58 x 0.01 = when the price is quoted in full. The cash price of the option is x 100,000 (contract size) = $1, $.0001 per Canadian dollar = $10.00/contract; also, trades may occur at $ ($5.00), $ ($15.00), $ ($25.00), $ ($35.00) and $ ($45.00), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 11

17 cmegroup.com/fx CHF/USD 125,000 Swiss francs Physical delivery Position Accountability 10,000 contracts CME Globex Electronic Markets: 6S Open Outcry: SF Trading can occur in $.0001 per Swiss franc increments ($12.50/contract). Also, trades can occur in $ per Swiss franc increments ($6.25/ contract) for CHF/USD futures intra-currency spreads executed on the trading floor and electronically. Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 12

18 2015 FX Product Guide and Calendar CHF/USD Options Quarterly and serial options: Open Outcry Calls: CF; Puts: PF; Globex: 6S Weekly options: Open Outcry: 1S-5S; Globex: 6S1-6S5 European-style options: Open Outcry: YS; Globex: XS European-style weekly options: Open Outcry: 1W-5W; Globex XS1-XS5 Pricing Conventions and Calculating Cash Premiums A Swiss franc option price of 2.93 is equivalent to 2.93 x 0.01 = when the price is quoted in full. The cash price of the option is x 125,000 (contract size) = $3, $.0001 per Swiss franc = $12.50/contract; also, trades may occur at $ ($6.25), $ ($18.75), $ ($31.25), $ ($43.75) and $ ($56.25), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 13

19 cmegroup.com/fx EUR/USD 125,000 euros Physical delivery Position Accountability 10,000 contracts CME Globex Electronic Markets: 6E Open Outcry: EC Trading can occur in $.0001 per euro increments ($12.50/contract). Also, trades can occur in $ per euro increments ($6.25/contract) for EUR/USD futures intra-currency spreads executed on the trading floor and electronically. Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 14

20 2015 FX Product Guide and Calendar EUR/USD Options Quarterly and serial options: Open Outcry: EC; Globex: 6E Weekly options: Open Outcry: 1X-5X; Globex: 6E1-6E5 European-style options: Open Outcry: YT; Globex: XT European-style weekly options: Open Outcry: 1T-5T; Globex: 1Q-5Q Pricing Conventions and Calculating Cash Premiums A FX option price quoted as is equivalent to x = when the price is quoted in full. Similarly, a EUR/USD option price quoted as is already quoted in full. The cash price of the option is x 125,000 (contract size) = $2, $.0001 per euro = $12.50/contract; also, trades may occur at $ ($6.25), $ ($18.75), $ ($31.25), $ ($43.75) and $ ($56.25), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 15

21 cmegroup.com/fx GBP/USD 62,500 British pounds Physical delivery Position Accountability 10,000 contracts CME Globex Electronic Markets: 6B Open Outcry: BP Trading can occur in $.0001 per British pound increments ($6.25/contract). Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 16

22 2015 FX Product Guide and Calendar GBP/USD Options Quarterly and serial options: Open Outcry Calls: CP; Puts: PP; Globex: 6B Weekly options: Open Outcry: 1B-5B; Globex: 6B1-6B5 European-style options: Open Outcry: YB; Globex: XB European-style weekly options: Open Outcry: 1P-5P; Globex: XB1-XB5 Pricing Conventions and Calculating Cash Premiums A British pound option price quoted as is equivalent to x 0.01 = when the price is quoted in full. The cash price of the option is x 62,500 (contract size) = $1, $.0001 per British pound = $6.25/contract. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 17

23 cmegroup.com/fx JPY/USD 12,500,000 Japanese yen Physical delivery Position Accountability 10,000 contracts CME Globex Electronic Markets: 6J Open Outcry: JY Trading can occur in $ per Japanese yen increments ($12.50/ contract). Also, trades can occur in $ per Japanese yen increments ($6.25/contract) for JPY/USD futures intra-currency spreads executed on the trading floor and electronically. Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 18

24 2015 FX Product Guide and Calendar JPY/USD Options Quarterly and serial options: Open Outcry Calls: CJ Puts: PJ; Globex: 6J Weekly options: Open Outcry: 1J 5J; Globex: 6J1-6J5 European-style options: Open Outcry: YJ; Globex: XJ European-style weekly options: Open Outcry: 1Y-5Y; Globex: 1O-5O Pricing Conventions and Calculating Cash Premiums A Japanese yen option price quoted as 1.53 is equivalent to 1.53 x = when the price is quoted in full. The cash price of the option is x 12,500,000 (contract size) = $1, $ per Japanese yen = $12.50/contract; also, trades may occur at $ ($6.25), $ ($18.75), $ ($31.25), $ ($43.75) and $ ($56.25), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 19

25 cmegroup.com/fx NOK/USD 2,000,000 Norwegian kroner Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: NOK Open Outcry: UNK Trading can occur in $ per Norwegian krone increments ($20.00 contract). Also, trades can occur in $ per Norwegian krone increments ($10.00/contract) for NOK/USD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 20

26 2015 FX Product Guide and Calendar NZD/USD 100,000 New Zealand dollars Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: 6N Open Outcry: NE Trading can occur in $.0001 per New Zealand dollar increments ($10.00/ contract). Also, trades can occur in $ per New Zealand dollar increments ($5.00/contract) for NZD/USD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 21

27 cmegroup.com/fx NZD/USD Options Quarterly and serial options: Open Outcry: NE; Globex: 6N Weekly options: 1Z-5Z Pricing Conventions and Calculating Cash Premiums A New Zealand dollar option price quoted as 0.60 is equivalent to 0.60 x 0.01 = when the price is quoted in full. The cash price of the option is x 100,000 (contract size) = $ $.0001 per New Zealand dollar = $10.00/contract; also, trades may occur at $ ($5.00), $ ($15.00), $ ($25.00), $ ($35.00) and $ ($45.00), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 22

28 2015 FX Product Guide and Calendar SEK/USD 2,000,000 Swedish kronor Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: SEK Open Outcry: USK Trading can occur in $ per Swedish krona increments ($20.00/contract). Also, trades can occur in $ per Swedish krona increments ($10.00/contract) for SEK/USD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 23

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30 2015 FX Product Guide and Calendar CROSS RATES FX FUTURES AND OPTIONS CONTRACTS AUD/CAD 26 AUD/JPY 27 AUD/NZD 28 CAD/JPY 29 CHF/JPY 30 EUR/AUD 31 EUR/CAD 32 EUR/CHF 33 EUR/GBP 35 EUR/JPY 37 EUR/NOK 39 EUR/SEK 40 GBP/JPY 41 GBP/CHF 42 25

31 cmegroup.com/fx CROSS RATES FX FUTURES AND OPTIONS CONTRACTS AUD/CAD 200,000 Australian dollars Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: ACD Open Outcry: UAC Trading can occur in.0001 Canadian dollars per Australian dollar increments (20 Canadian dollars). Also, trades can occur in Canadian dollars per Australian dollar increments (10 Canadian dollars) for AUD/CAD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 26

32 2015 FX Product Guide and Calendar AUD/JPY 200,000 Australian dollars Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: AJY Open Outcry: UAY Trading can occur in.01 Japanese yen per Australian dollar increments (2,000 Japanese yen). Also, trades can occur in.005 Japanese yen per Australian dollar increments (1,000 Japanese yen) for AUD/JPY futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 27

33 cmegroup.com/fx AUD/NZD 200,000 Australian dollars Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: ANE Open Outcry: UAN Trading can occur in.0001 New Zealand dollars per Australian dollar increments (20 New Zealand dollars). Also, trades can occur in New Zealand dollars per Australian dollar increments (10 New Zealand dollars) for AUD/NZD futures intra-currency spreads executed on the trading floor. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 28

34 2015 FX Product Guide and Calendar CAD/JPY 200,000 Canadian dollars Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: CJY Open Outcry: UCY Trading can occur in.01 Japanese yen per Canadian dollar increments (2,000 Japanese yen). Also, trades can occur in.005 Japanese yen per Canadian dollar increments (1,000 Japanese yen) for CAD/JPY futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 29

35 cmegroup.com/fx CHF/JPY 250,000 Swiss francs Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: SJY Open Outcry: USY Trading can occur in.005 Japanese yen per Swiss franc increments (1,250 Japanese yen). Also, trades can occur in.0025 Japanese yen per Swiss franc increments (625 Japanese yen) for CHF/JPY futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 30

36 2015 FX Product Guide and Calendar EUR/AUD 125,000 euros Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: EAD Open Outcry: UEA Trading can occur in.0001 Australian dollars per euro increments (12.5 Australian dollars). Also, trades can occur in Australian dollars per euro increments (6.25 Australian dollars) for EUR/AUD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 31

37 cmegroup.com/fx EUR/CAD 125,000 euros Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: ECD Open Outcry: UEC Trading can occur in.0001 Canadian dollars per euro increments (12.5 Canadian dollars). Also, trades can occur in Canadian dollars per euro increments (6.25 Canadian dollars) for EUR/CAD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 32

38 2015 FX Product Guide and Calendar EUR/CHF 125,000 euros Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: RF Open Outcry: UA Trading can occur in.0001 Swiss francs per euro increments (12.5 Swiss francs). Also, trades can occur in Swiss francs per euro increments (6.25 Swiss francs) for EUR/CHF futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 33

39 cmegroup.com/fx EUR/CHF Options Quarterly and serial options: RF Weekly options: 1I-5I Pricing Conventions and Calculating Cash Premiums A Euro FX/Swiss franc option price quoted as is already quoted in full. The cash price of the option is x 125,000 (contract size) = 3,062.5 Swiss francs Swiss francs per euro (12.5 Swiss francs); also, trades may occur at (6.25 Swiss francs), (18.75 Swiss francs), (31.25 Swiss francs), (43.75 Swiss francs) and (56.25 Swiss francs), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 34

40 2015 FX Product Guide and Calendar EUR/GBP 125,000 euros Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: RP Open Outcry: UE Trading can occur in British pounds per euro increments (6.25 British pounds). Also, trades can occur in British pounds per euro increments (3.125 British pounds) for EUR/GBP futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 35

41 cmegroup.com/fx EUR/GBP Options Quarterly and serial options: RP Weekly options: 1E-5E Pricing Conventions and Calculating Cash Premiums A Euro FX/British pound option price quoted as is already quoted in full. The cash price of the option is x 125,000 (contract size) = 2, British pounds British pounds per euro (6.25 British pounds); also, trades may occur at (3.125 British pounds). Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 36

42 2015 FX Product Guide and Calendar EUR/JPY 125,000 euros Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: RY Open Outcry: UH Trading can occur in.01 Japanese yen per euro increments (1,250 Japanese yen). Also, trades can occur in.005 Japanese yen per euro increments (625 Japanese yen) for EUR/JPY futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 37

43 cmegroup.com/fx EUR/JPY Options Quarterly and serial options: RY Weekly options: 1H-5H Pricing Conventions and Calculating Cash Premiums A Euro FX/Japanese yen option price quoted as 1.70 is already quoted in full. The cash price of the option is 1.70 x 125,000 (contract size) = 212,500 Japanese yen..01 Japanese yen per euro (1,250 Japanese yen); also, trades may occur at.005 (625 Japanese yen),.015 (1,875 Japanese yen),.025 (3,125 Japanese yen),.035 (4,375 Japanese yen) and.045 (5,625 Japanese yen), which are less. than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 38

44 2015 FX Product Guide and Calendar EUR/NOK 125,000 euros Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: ENK Open Outcry: UEN Trading can occur in.0005 Norwegian krone per euro increments (62.5 Norwegian krone). Also, trades can occur in Norwegian krone per euro increments (31.25 Norwegian krone) for EUR/NOK futures intracurrency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 39

45 cmegroup.com/fx EUR/SEK 125,000 euros Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: ESK Open Outcry: UES Trading can occur in.0005 Swedish krona per euro increments (62.5 Swedish krona). Also, trades can occur in Swedish krona per euro increments (31.25 Swedish krona) for EUR/SEK futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 40

46 2015 FX Product Guide and Calendar GBP/JPY 125,000 British pounds Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: PJY Open Outcry: UPY Trading can occur in.01 Japanese yen per British pound increments (1,250 Japanese yen). Also, trades can occur in.005 Japanese yen per British pound increments (625 Japanese yen) for GBP/JPY futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 41

47 cmegroup.com/fx GBP/CHF 125,000 British pounds Physical delivery Position Accountability 6,000 contracts CME Globex Electronic Markets: PSF Open Outcry: UPS Trading can occur in.0001 Swiss francs per British pound increments (12.5 Swiss francs). Also, trades can occur in Swiss francs per British pound increments (6.25 Swiss francs) for GBP/CHF futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 42

48 2015 FX Product Guide and Calendar EMERGING MARKETS FX FUTURES AND OPTIONS CONTRACTS BRL/USD 44 CNY/EUR 46 CNY/USD 48 USD/CNY 50 CZK/USD 51 CZK/EUR 53 EUR/TRY 55 HUF/USD 56 HUF/EUR 58 ILS/USD 60 INR/USD 62 KRW/USD 63 MXN/USD 65 PLN/USD 67 PLN/EUR 69 RUB/USD 71 USD/CLP 73 USD/CNH 74 USD/TRY 75 USD/ZAR 76 ZAR/USD 77 43

49 cmegroup.com/fx EMERGING MARKETS FX FUTURES AND OPTIONS CONTRACTS BRL/USD 100,000 Brazilian reais Cash-settled Position Limits: Position Limits: 30,000 futures-equivalent contracts in a single month; 60,000 futures-equivalent contracts in all months combined* CME Globex Electronic Markets: 6L Open Outcry: BR Trading can occur in $ per Brazilian real increments ($5.00/contract). Consecutive contract months out 10 years Trading ceases at 9:15 a.m. CT on the last business day of the month for the Central Bank of Brazil immediately preceding the contract month. * Position Limits: Size of position may not exceed the indicated number of contracts, i.e., a finite limit 44

50 2015 FX Product Guide and Calendar BRL/USD Options Monthly options: BR Weekly options: 1R-5R Pricing Conventions and Calculating Cash Premiums A Brazilian real option price quoted as is already quoted in full. The cash price of the option is x 100,000 (contract size) = $5, $ per Brazilian real = $5.00/contract Contract Listings Monthly options: Twelve consecutive contract months. Weekly options: Four weekly options are listed at any time. Expiration/ Monthly options: Close of trading is the same as the underlying futures contract. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for monthly options. 45

51 cmegroup.com/fx CNY/EUR 1,000,000 Chinese renminbi (CNY) Cash-settled Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: RME Trading can occur in euros per Chinese renminbi increments (10 euros). Also, trades can occur in euros per Chinese renminbi increments (5 euros) for CNY/EUR futures intra-currency spreads executed electronically. Thirteen consecutive calendar months plus two deferred March quarterly cycle contract months. Trading ceases at 9:00 a.m. Beijing time on the second Beijing business day immediately preceding the third Wednesday of the contract month (usually Tuesday in Beijing), which is 7:00 p.m. CT in winter or 8:00 p.m. CT in summer on the second Chicago business day preceding the third Wednesday of the contract month (usually Monday evening CT). 46

52 2015 FX Product Guide and Calendar CNY/EUR Options Monthly options: RME Weekly options: RE1-RE euros per Chinese renminbi (10 euros); also, trades may occur at (5 euros), (15 euros), (25 euros), (35 euros) and (45 euros), which are less than five ticks of premium. Contract Listings Monthly options: Twelve consecutive contract months. Weekly options: Four weekly options are listed at any time. Expiration/ Monthly options: Close of trading is the same as the underlying futures contract. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for monthly options. ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. Please note: CNY refers to onshore Chinese renminbi; CNH refers to offshore Chinese renminbi; and RMB refers to Chinese renminbi in general. 47

53 cmegroup.com/fx CNY/USD 1,000,000 Chinese renminbi (CNY) Cash-settled Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: RMB Trading can occur in $ per Chinese renminbi increments ($10.00/contract). Also, trades can occur in $ per Chinese renminbi increments ($5.00/contract) for CNY/USD futures intra-currency spreads executed electronically. Thirteen consecutive calendar months plus eight deferred March quarterly cycle contract months. Trading ceases at 9:00 a.m. Beijing time on the second Beijing business day immediately preceding the third Wednesday of the contract month (usually Monday in Beijing). 48

54 2015 FX Product Guide and Calendar CNY/USD Options Monthly options: RMB Weekly options: RB1-RB5 $ per Chinese renminbi = $10.00/contract; also, trades may occur at $ ($5.00), $ ($15.00), $ ($25.00), $ ($35.00) and $ ($45.00), which are less than five ticks of premium. Contract Listings Monthly options: Twelve consecutive contract months. Weekly options: Four weekly options are listed at any time. Expiration/ Monthly options: Close of trading is the same as the underlying futures contract. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for monthly options. ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. Please note: CNY refers to onshore Chinese renminbi; CNH refers to offshore Chinese renminbi; and RMB refers to Chinese renminbi in general. 49

55 cmegroup.com/fx USD/CNY 100,000 U.S. dollars Cash-settled Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: CNY Trading can occur in.0001 Chinese renminbi per U.S. dollar increments (10 RMB/contract). Also, trades can occur in Chinese renminbi per U.S. dollar increments (5 RMB/contract) for USD/CNY futures intra-currency spreads executed electronically. Thirteen consecutive calendar months plus eight deferred March quarterly cycle contract months. Trading ceases at 9:00 a.m. Beijing time on the second Beijing business day immediately preceding the third Wednesday of the contract month (usually Monday in Beijing). 50

56 2015 FX Product Guide and Calendar CZK/USD 4,000,000 Czech koruna Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Level: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: CZK Open Outcry: CKO Trading can occur in $ per Czech koruna increments ($8.00/contract). Also, trades can occur in $ per Czech koruna increments ($4.00/ contract) for CZK/USD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 51

57 cmegroup.com/fx CZK/USD Options Quarterly and serial options: CKO $ per Czech koruna = $8.00/contract; also, trades may occur at $ ($4.00), $ ($12.00), $ ($20.00), $ ($28.00) and $ ($36.00), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Weekly options are not currently listed. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. 52

58 2015 FX Product Guide and Calendar CZK/EUR 4,000,000 Czech koruna Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Level: 6,000 contracts; Position Limits: 2,000 contracts for Spot month** CME Globex Electronic Markets: ECK Open Outcry: ECZ Trading can occur in euros per Czech koruna increments (8 euros/contract). Also, trades can occur in euros per Czech koruna increments (4 euros/contract) for CZK/EUR futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 53

59 cmegroup.com/fx CZK/EUR Options Quarterly and serial options: ECZ euros per Czech koruna (8 euros); also, trades may occur at (4 euros), (12 euros), (20 euros), (28 euros) and (36 euros), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Weekly options are not currently listed. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. 54

60 2015 FX Product Guide and Calendar EUR/TRY 125,000 euros Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** TRE Trading can occur in.0001 Turkish lira per euro increments (12.5 lira). Also, trades can occur in multiples of Turkish lira per euro increments (6.25 lira) for EUR/TRY intra-currency spreads executed electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 12:30 a.m. CT on the business day immediately preceding the third Wednesday of the contract month (usually early on Tuesday morning CT, which is 8:30 a.m. Istanbul/Ankara time on Tuesday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 55

61 cmegroup.com/fx HUF/USD 30,000,000 Hungarian forint Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Level: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: HUF Open Outcry: HFO Trading can occur in $ per Hungarian forint increments ($6.00/contract). Also, trades can occur in $ per Hungarian forint increments ($3.00/contract) for HUF/USD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 56

62 2015 FX Product Guide and Calendar HUF/USD Options Quarterly and serial options: HFO $ per Hungarian forint = $6.00/contract; also, trades may occur at $ ($3.00), $ ($9.00), $ ($15.00), $ ($21.00) and $ ($27.00), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Weekly options are not currently listed. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 57

63 cmegroup.com/fx HUF/EUR 30,000,000 Hungarian forint Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Level: 6,000 contracts; Position Limits: 2,000 contracts for Spot month** CME Globex Electronic Markets: EHF Open Outcry: EHU Trading can occur in euros per Hungarian forint increments (6 euros/contract). Also, trades can occur in euros per Hungarian forint increments (3 euros/contract) for HUF/EUR futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 58

64 2015 FX Product Guide and Calendar HUF/EUR Options Quarterly and serial options: EHU euros per Hungarian forint (6 euros); also, trades may occur at (3 euros), (9 euros), (15 euros), (21 euros) and (27 euros), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Weekly options are not currently listed. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 59

65 cmegroup.com/fx ILS/USD 1,000,000 Israeli shekel Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Level: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: ILS Trading can occur in $ per Israeli shekel increments ($10.00/contract). Also, trades can occur in $ per ILS/USD increments ($5.00/contract) for Israeli shekel futures intra-currency spreads executed electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 60

66 2015 FX Product Guide and Calendar ILS/USD Options Quarterly and serial options: ILS Weekly options: IS1-IS5 $ per Israeli shekel = $10.00/contract; also, trades may occur at $ ($5.00), $ ($15.00), $ ($25.00), $ ($35.00) and $ ($45.00), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Thursday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Thursdays that are not also terminations for quarterly and serial options. ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 61

67 cmegroup.com/fx INR/USD 5,000,000 Indian rupees Cash-settled Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 20,000 contracts for Spot month** CME Globex Electronic Markets: SIR $0.01 cents per 100 Indian rupee increments ($5.00 per contract). Also trades can occur in $0.005 cents per 100 Indian rupee increments ($2.50 per contract) for INR/USD futures intra-currency spreads executed electronically. Twelve consecutive calendar months plus four deferred March quarterly cycle months (Mar, Jun, Sep, Dec) Trading classes at 12:00 p.m. noon Mumbai time two Indian business days immediately preceding the last Indian business day of the contract month. 62

68 2015 FX Product Guide and Calendar KRW/USD 125,000,000 Korean won Cash-settled Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: KRW Trading can occur in $ per Korean won increments ($12.50/contract). Thirteen consecutive calendar months plus two deferred March quarterly cycle contract months Trading ceases at 3:30 p.m. Seoul time on the second business day immediately preceding the third Wednesday of the contract month (usually Monday) which would either be 12:30 a.m. (winter) or 1:30 a.m. CT on the second business day preceding the third Wednesday of the contract month (usually Monday evening CT). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 63

69 cmegroup.com/fx KRW/USD Options Monthly options: KRW Weekly options: KR1-KR5 $ per Korean won = $12.50/contract Contract Listings Monthly options: Twelve consecutive contract months. Weekly options: Four weekly options are listed at any time. Expiration/ Monthly options: Close of trading is the same as the underlying futures contract. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for monthly options. 64

70 2015 FX Product Guide and Calendar MXN/USD 500,000 Mexican pesos Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Level: 6,000 contracts; Position Limit: 45,000 contracts for Spot month** CME Globex Electronic Markets: 6M Open Outcry: MP Trading can occur in $ per Mexican peso increments ($5.00/contract) Thirteen consecutive calendar months plus two deferred March quarterly cycle contract months Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the third business day before the termination of trading. 65

71 cmegroup.com/fx MXN/USD Options Monthly options: Open Outcry: MP; Globex: 6M Weekly options: 1M-5M Pricing Conventions and Calculating Cash Premiums A Mexican peso option price quoted as is equivalent to x = $ when the price is quoted in full. Similarly, a Mexican peso option price quoted as 1050 is equivalent to 1050 x = when the price is quoted in full. The cash price of the option is x 500,000 (contract size) = $ $ per Mexican peso = $5.00/contract Contract Listings Monthly options: Twelve consecutive contract months. Weekly options: Four weekly options are listed at any time. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. 66

72 2015 FX Product Guide and Calendar PLN/USD 500,000 Polish zloty Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: PLN Open Outcry: PLZ Trading can occur in $ per Polish zloty increments ($10.00/contract). Also, trades can occur in $ per Polish zloty increments ($5.00/contract) for PLN/USD futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 67

73 cmegroup.com/fx PLN/USD Options Quarterly and serial options: PLZ $ per Polish zloty = $10.00/contract; also, trades may occur at $ ($5.00), $ ($15.00), $ ($25.00), $ ($35.00) and $ ($45.00), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Weekly options are not currently listed. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. 68

74 2015 FX Product Guide and Calendar PLN/EUR 500,000 Polish zloty Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 2,000 contracts for Spot month** CME Globex Electronic Markets: EPZ Open Outcry: EPL Trading can occur in euros per Polish zloty increments (10 euros). Also, trades can occur in euros per Polish zloty increments (5 euros) for PLN/EUR futures intra-currency spreads executed on the trading floor and electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 69

75 cmegroup.com/fx PLN/EUR Options Quarterly and serial options: EPL euros per Polish zloty (10 euros); also, trades may occur at (5 euros), (15 euros), (25 euros), (35 euros), (45 euros), which are less than five ticks of premium. Contract Listings Quarterly options: The first four months in the March quarterly cycle. Serial options: Two serial options are listed at any time. Their expirations precede that of the underlying futures contract by one and two months. For example, following the expiration of the March futures and options cycle, April and May serial options on the front June futures contract are still available for trading. Consequently, the serial option expirations fall in Jan, Feb, Apr, May, Jul, Aug, Oct and Nov. Weekly options: Weekly options are not currently listed. Expiration/ Quarterly and serial options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. 70

76 2015 FX Product Guide and Calendar RUB/USD 2,500,000 Russian rubles Cash-settled Position Limits: Position Limits: 30,000 contracts in all months combined; 10,000 contracts for Spot month on week prior to termination.* CME Globex Electronic Markets: 6R Open Outcry: RU Trading can occur in $ per Russian ruble increments ($12.50/contract). Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec) plus 8 serial months Trading ceases at 11:00 a.m. Moscow time on the fifteenth business day of the month, or, if not a business day, on the next business day for the Moscow interbank foreign exchange market. * Position Limits: Size of position may not exceed the indicated number of contracts, i.e., a finite limit 71

77 cmegroup.com/fx RUB/USD Options Quarterly and serial options: Open Outcry: RU; Globex: 6R Weekly options: Open Outcry: RU1-RU5; Globex: 6R1-6R5 Pricing Conventions and Calculating Cash Premiums A Russian ruble option price quoted as 4.3 is equivalent to 4.3 x = when the price is quoted in full. The cash price of the option is x 2,500,000 (contract size) = $1,075. $ per Russian ruble = $12.50/contract. Contract Listings Monthly options: Twelve consecutive contract months. Weekly options: Four weekly options are listed at any time. Expiration/ Monthly options: Close of trading is the same as the underlying futures contract. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for monthly options. 72

78 2015 FX Product Guide and Calendar USD/CLP 100,000 U.S. dollars Cash Settled Position Accountability/Position Limits: Position Limit: 10,000 contracts in all months combined Position Limit: 5,000 contracts for Spot month* CHL Trading can occur in 0.01 Chilean pesos per U.S. dollar increments (1,000 CLP/contracts) Twelve consecutive calendar month contracts plus a second year in the March quarterly cycle Trading ceases at 9:15 a.m. Chicago time on the last Santiago business day of the month preceding the expiring contract month. * Position Limits: Size of position may not exceed the indicated number of contracts, i.e., a finite limit 73

79 cmegroup.com/fx USD/CNH 100,000 U.S. dollars Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Levels: 10,000 contracts; Position Limit: 5,000 contracts for Spot month** CME Globex Electronic Markets: CNH Trading can occur in.0001 Chinese renminbi per U.S. dollar increments (10 RMB/contract). Also, trades can occur in Chinese renminbi per U.S. dollar increments (5 RMB/contract) for USD/CNH futures intra-currency spreads executed electronically. Thirteen consecutive calendar months plus eight deferred March quarterly cycle contract months Trading ceases at 11:00 a.m. Hong Kong time on the second Hong Kong business day immediately preceding the third Wednesday of the contract month (i.e., in Chicago, 9:00 p.m. CT on Sunday night during the winter and 10:00 p.m. CT on Sunday night during the summer.) 74

80 2015 FX Product Guide and Calendar USD/TRY 200,000 U.S. dollars Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 futures-equivalent contracts; Position Limit: 2,000 futures-equivalent contracts for Spot month** TRY Trading can occur in.0001 Turkish lira per U.S. dollar increments (20 lira). Also, trades can occur in multiples of Turkish lira per U.S. dollar increments (10 lira) for USD/TRY intra-currency spreads executed electronically. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 12:30 a.m. CT on the business day immediately preceding the third Wednesday of the contract month (usually early on Tuesday morning CT, which is 8:30 a.m. Istanbul/Ankara time on Tuesday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 75

81 cmegroup.com/fx USD/ZAR 100,000 U.S. dollars Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 contracts; Position Limit: 20,000 contracts for Spot month** ZAR Trading can occur in.0001 South African rand per U.S. dollar increments (10 ZAR/contract). Also, trades can occur in South African rand per U.S. dollar increments (5 ZAR/contract) for USD/ZAR futures intra-currency spreads executed electronically. Thirteen consecutive calendar months plus four deferred March quarterly cycle contract months Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 76

82 2015 FX Product Guide and Calendar ZAR/USD 500,000 South African rand Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Levels: 6,000 futures-equivalent contracts; Position Limit: 20,000 futures-equivalent contracts for Spot month** CME Globex Electronic Markets: 6Z Open Outcry: RA Trading can occur in $ per South African rand increments ($12.50/contract). Thirteen consecutive calendar months plus two deferred March quarterly cycle contract months Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 77

83 cmegroup.com/fx ZAR/USD Options Monthly options: RA Weekly options: 1N-5N Pricing Conventions and Calculating Cash Premiums A South African rand option price quoted as is equivalent to x = when the price is quoted in full. Similarly, a South African rand option price quoted as 1175 is equivalent to 1175 x = when the price is quoted in full. The cash price of the option is x 500,000 (contract size) = $ $ per South African rand = $12.50/contract; trades may occur at $ ($6.25). Contract Listings Monthly options: Twelve consecutive contract months. Weekly options: Four weekly options are listed at any time. Expiration/ Monthly options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. Weekly options: Close of trading is on the four nearest Fridays that are not also terminations for monthly options. ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 78

84 2015 FX Product Guide and Calendar E-MICROS & E-MINIS FX FUTURES CONTRACTS E-MICRO AUD/USD 80 E-MICRO CAD/USD 81 E-MICRO USD/CAD 82 E-MINI EUR/USD 83 E-MICRO EUR/USD 84 E-MICRO GBP/USD 85 E-MICRO INR/USD 86 E-MINI JPY/USD 87 E-MICRO JPY/USD 88 E-MICRO USD/JPY 89 E-MICRO USD/CHF 90 E-MICRO CHF/USD 91 E-MICRO USD/CNH 92 E-MICRO USD/CNY 93 79

85 cmegroup.com/fx E-MICRO & E-MINIS FX FUTURES CONTRACTS E-MICRO AUD/USD 10,000 Australian dollars Physical Delivery Position Accountability 60,000 E-micro contracts CME Globex Electronic Markets: M6A USD/AUD (= US$1.00) Contract Value If USD/AUD = , then contract = US$6,600 (= 10,000 AUD x US$0.6600/AUD) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 80

86 2015 FX Product Guide and Calendar E-MICRO CAD/USD 10,000 Canadian dollars Physical delivery Position Accountability 60,000 E-micro contracts CME Globex Electronic Markets: MCD USD/CAD (= US$1.00) Contract Value If USD/CAD =.9524, then contract = $9,524 (=10,000 CAD x $.9524/CAD) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 81

87 cmegroup.com/fx E-MICRO USD/CAD 10,000 U.S. dollars Physical delivery Position Accountability 60,000 E-micro contracts CME Globex Electronic Markets: M6C CAD/USD (= 1.00 CAD) Contract Value If CAD/USD = , then contract = 12,500 CAD (= $10,000 x CAD/USD) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 82

88 2015 FX Product Guide and Calendar E-MINI EUR/USD 62,500 euros Physical delivery Position Accountability 20,000 contracts CME Globex Electronic Markets: E7 $.0001 per euro increments ($6.25/contract) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 83

89 cmegroup.com/fx E-MICRO EUR/USD 12,500 euros Physical delivery Position Accountability 100,000 E-micro contracts CME Globex Electronic Markets: M6E USD/EUR (= US$1.25) Contract Value If USD/EUR = , then contract = $16,250 (= 12,500 x $1.3000/ ) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 84

90 2015 FX Product Guide and Calendar E-MICRO GBP/USD 6,250 British pounds Physical delivery Position Accountability 100,000 E-micro contracts CME Globex Electronic Markets: M6B USD/GBP (= US$0.625) Contract Value If USD/GBP = , then contract = $9,375 (= 6,250 x $1.5000/ ) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 85

91 cmegroup.com/fx E-MICRO INR/USD 1,000,000 Indian rupees Cash-settled Position Accountability/Position Limits: Position Accountability Trigger Levels: 30,000 E-micro contracts; Position Limit: 100,000 E-micro contracts CME Globex Electronic Markets: MIR $0.01 cents per 100 Indian rupee increments ($1.00 per contract). Also trades can occur in $0.005 cents per 100 Indian rupee increments ($0.50 per contract) for INR/USD futures intra-currency spreads executed electronically. Contract Value If USD/INR = U.S. cents per 100 rupee, then contract = $18,234 (=1,000,000 INR x USD/INR) Twelve consecutive contract months Trading classes at 12:00 p.m. noon Mumbai time two Indian business days immediately preceding the last Indian business day of the contract month. ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 86

92 2015 FX Product Guide and Calendar E-MINI JPY/USD 6,250,000 Japanese yen Physical delivery Position Accountability 20,000 contracts CME Globex Electronic Markets: J7 $ per Japanese yen increments ($6.25/contract) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 87

93 cmegroup.com/fx E-MICRO JPY/USD 1,250,000 Japanese yen Physical delivery Position Accountability 100,000 E-micro contracts CME Globex Electronic Markets: MJY USD/JPY (= US$1.25) Contract Value If USD/JPY = , then contract = $14,706 (= 1,250,000 x $ / ) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 88

94 2015 FX Product Guide and Calendar E-MICRO USD/JPY 10,000 U.S. dollars Physical delivery Position Accountability 100,000 E-micro contracts CME Globex Electronic Markets: M6J 0.01 JPY/USD (= 100) Contract Value If JPY/USD = 93.00, then contract = 930,000 (= $10,000 x /$) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 89

95 cmegroup.com/fx E-MICRO USD/CHF 10,000 U.S. dollars Physical delivery Position Accountability 100,000 E-micro contracts CME Globex Electronic Markets: M6S CHF/USD (= 1.00 CHF) Contract Value If CHF/USD = , then contract = 12,000 CHF (= $10,000 x CHF/$) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 90

96 2015 FX Product Guide and Calendar E-MICRO CHF/USD 12,500 Swiss francs Physical delivery Position Accountability 100,000 E-micro contracts CME Globex Electronic Markets: MSF USD/CHF (= US$1.25) Contract Value If USD/CHF = , then contract = $12,820 (= 12,500 CHF x $1.0256/CHF) Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 91

97 cmegroup.com/fx E-MICRO USD/CNH 10,000 U.S. dollars Physical delivery Position Accountability/Position Limits: Position Accountability Trigger Levels: 100,000 E-micro contracts; Position Limit: 50,000 E-micro contracts CME Globex Electronic Markets: MNH CNH/USD (= 1 RMB) Contract Value If CNH/USD = 6.483, then contract = 64,830 CNH (= $10,000 x CNH/USD) Twelve consecutive contract months Trading ceases at 11:00 a.m. Hong Kong time on the second Hong Kong business day immediately preceding the third Wednesday of the contract month (i.e., in Chicago, 9:00 p.m. CT on Sunday night during the winter and 10:00 p.m. CT on Sunday night during the summer. 92

98 2015 FX Product Guide and Calendar E-MICRO USD/CNY 10,000 U.S. dollars Cash-settled Position Accountability/Position Limits: Position Accountability Trigger Levels: 60,000 E-micro contracts; Position Limit: 20,000 E-micro contracts CME Globex Electronic Markets: MNY Trading can occur in.0001 Chinese renminbi per U.S. dollar increments (10 RMB/contract). Also, trades can occur in Chinese renminbi per U.S. dollars increment (5 RMB/contract) for USD/CNY futures intro-currency intra-spreads executed electronically Contract Value If CNY/USD = 6.483, then contract = 64,830 CNY (= $10,000 x CNY/USD) Twelve consecutive contract months Trading ceases at 9:00 a.m. Beijing time on the first Beijing business day immediately preceding the third Wednesday of the contract month (usually Tuesday in Beijing). ** Position Accountability and Spot Month Position Limit: Whenever a person owns or controls more than a specified number of contracts net long or short in all contract months combined (Position Accountability Trigger Level), such person will provide in a timely fashion, upon request by CME Group Market Regulation, information about the nature of the position, trading strategy, and hedging information, if applicable. Therefore, overall positions do not have a finite limit. Spot Month Position Limit: However, a position held in the expiring contract month may not exceed the spot month position limit on or after the business day one week before termination of trading. 93

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100 2015 FX Product Guide and Calendar INDEXES FX FUTURES CONTRACTS DOW JONES CME FX$INDEX 96 95

101 cmegroup.com/fx INDEXES FX FUTURES CONTRACTS Dow Jones CME FX$INDEX $1,000 x Dow Jones CME FX$INDEX, e.g., if Dow Jones CME FX$INDEX = then futures contract value = $144,730 (= $1,000 x ) Index Construction Dow Jones CME FX$INDEX = value of 4 Euro FX + 2 Japanese yen + 2 British pound + 1 Swiss franc + 1 Canadian dollar + 1 Australian dollar futures contracts; divided by $10,000. Physical delivery of 50,000 Euros; 2,500,000 Japanese yen; 12,500 British pounds; 12,500 Swiss francs; 10,000 Canadian dollars; and, 10,000 Australian dollars on the 3rd Wednesday. U.S. dollar delivery invoices based on final settlement of standard CME FX futures, with the exception of Canadian dollar where a special 9:16 value is utilized noting that Canadian dollar terminates a day later. Dow Jones CME FX$INDEX futures final settlement is rounded to 4 decimal places. Position Accountability 6,000 contracts CME Globex Electronic Markets: FXD 0.01 index points ($10.00) for outrights; index points ($5.00) for calendar spreads. Six months in the March quarterly cycle (Mar, Jun, Sep, Dec) Trading ceases at 9:16 a.m. CT on the second business day immediately preceding the third Wednesday of the contract month (usually Monday). 96

102 2015 FX Product Guide and Calendar VOLATILITY-BASED CONTRACTS FX FUTURES CONTRACTS AUD/USD QUARTERLY VARIANCE 98 AUD/USD SEMI-ANNUAL VARIANCE 99 AUD/USD ANNUAL VARIANCE 100 EUR/USD QUARTERLY VARIANCE 101 EUR/USD SEMI-ANNUAL VARIANCE 102 EUR/USD ANNUAL VARIANCE 103 GBP/USD QUARTERLY VARIANCE 104 GBP/USD SEMI-ANNUAL VARIANCE 105 GBP/USD ANNUAL VARIANCE 106 JPY/USD QUARTERLY VARIANCE 107 JPY/USD SEMI-ANNUAL VARIANCE 108 JPY/USD ANNUAL VARIANCE

103 cmegroup.com/fx VOLATILITY-BASED CONTRACTS FX FUTURES CONTRACTS AUD/USD QUARTERLY VARIANCE $1 times Australian Dollar/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VAQ Trading can occur in 0.01 in index (variance) points ($0.01/contract) Four months in the March quarterly cycle (Mar, Jun, Sep, Dec) Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective March, June, September, December quarter. 98

104 2015 FX Product Guide and Calendar AUD/USD SEMI-ANNUAL VARIANCE $1 times Australian Dollar/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VAS Trading can occur in 0.01 in index (variance) points ($0.01/contract) June and December contract months Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective June, December semi-annual period. 99

105 cmegroup.com/fx AUD/USD ANNUAL VARIANCE $1 times Australian Dollar/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VAY Trading can occur in 0.01 in index (variance) points ($0.01/contract) Two December contract months Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective December annual period. 100

106 2015 FX Product Guide and Calendar EUR/USD QUARTERLY VARIANCE $1 times Euro/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VEQ Trading can occur in 0.01 in index (variance) points ($0.01/contract) Four months in the March quarterly cycle (Mar, Jun, Sep, Dec) Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective March, June, September, December quarter. 101

107 cmegroup.com/fx EUR/USD SEMI-ANNUAL VARIANCE $1 times Euro/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VES Trading can occur in 0.01 in index (variance) points ($0.01/contract) June and December contract months Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective June, December semi-annual period. 102

108 2015 FX Product Guide and Calendar EUR/USD ANNUAL VARIANCE $1 times Euro/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VEA Trading can occur in 0.01 in index (variance) points ($0.01/contract) Two December contract months Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective December annual period. 103

109 cmegroup.com/fx GBP/USD QUARTERLY VARIANCE $1 times British Pound/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VPQ Trading can occur in 0.01 in index (variance) points ($0.01/contract) Four months in the March quarterly cycle (Mar, Jun, Sep, Dec) Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective March, June, September, December quarter. 104

110 2015 FX Product Guide and Calendar GBP/USD SEMI-ANNUAL VARIANCE $1 times British Pound/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VPS Trading can occur in 0.01 in index (variance) points ($0.01/contract) June and December contract months Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective June, December semi-annual period. 105

111 cmegroup.com/fx GBP/USD ANNUAL VARIANCE $1 times British Pound/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VPA Trading can occur in 0.01 in index (variance) points ($0.01/contract) Two December contract months Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective December annual period. 106

112 2015 FX Product Guide and Calendar JPY/USD QUARTERLY VARIANCE $1 times Japanese Yen/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VJQ Trading can occur in 0.01 in index (variance) points ($0.01/contract) Four months in the March quarterly cycle (Mar, Jun, Sep, Dec) Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective March, June, September, December quarter. 107

113 cmegroup.com/fx JPY/USD SEMI-ANNUAL VARIANCE $1 times Japanese Yen/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VJS Trading can occur in 0.01 in index (variance) points ($0.01/contract) June and December contract months Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective June, December semi-annual period. 108

114 2015 FX Product Guide and Calendar JPY/USD ANNUAL VARIANCE $1 times Japanese Yen/U.S. Dollar Floating Variance Index Cash-settled Position Accountability 160,000 contracts VJY Trading can occur in 0.01 in index (variance) points ($0.01/contract) Two December contract months Regular close of trading time on the last day of the realized variance period, which is the last business day of the respective December annual period. 109

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116 2015 FX Product Guide and Calendar FX FUTURES AND OPTIONS: 2015 CALENDAR A month-by-month guide to 2015 contract expiration and delivery dates, economic releases and CME Group holidays. Please note: 2015 dates are subject to change. 111

117 cmegroup.com/fx JANUARY 2015 MONTH CODE: F SUN MON TUE WED THU FRI 1 2 1/364 2/363 SAT /360 6/359 Factory Orders 7/358 ECB Meeting International Trade 8/357 Unemployment Claims 9/356 Employment / / /351 Retail Sales /350 16/349 PPI CPI Unemployment Industrial Claims Production and Capacity Utilization /346 20/345 21/344 Bank of Canada Housing Starts 22/343 ECB Meeting Unemployment Claims 23/ / Ω 27/338 Consumer Confidence Durable Goods FOMC Meeting New Home Sales 28/337 FOMC Meeting 29 29/336 Unemployment Claims 30 30/335 GDP Purchasing Mgrs of Chicago (PMI) 31 Information from public sources. CME Group is not responsible for its accuracy or any changes. CME Group Holiday Serial Currency Options Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD Options, Serial ILS/USD Options ZAR/USD Options Monthly KRW/USD and Options Monthly: MXN/USD, Delivery MXN/USD ZAR/USD Delivery ZAR/USD Monthly: CNY/USD and Options, CNY/EUR and Monthly: BRL/USD and Options, USD/CNY, E-micro Options, USD/CLP USD/CNY, USD/CNH, E-micro USD/CNH Ω Monthly: INR/USD, E-micro INR/USD Weekly BRL/USD Options Monthly RUB/USD and Options Delivery USD/CNH, Delivery E-micro USD/CNH 112

118 2015 FX Product Guide and Calendar MONTH CODE: G FEBRUARY 2015 SUN MON TUE WED THU FRI / /331 Personal Income Factory Orders 4 35/330 ECB Meeting /329 37/328 International Employment Trade Unemployment Claims SAT /325 41/324 42/323 43/322 Retail Sales Unemployment Claims 44/ /318 48/317 49/316 ECB Meeting Housing Starts Industrial Production and Capacity Utilization PPI 50/315 51/314 Unemployment Claims / /310 Consumer Confidence 25 Ω 56/309 New Home Sales /308 58/307 CPI GDP Durable Goods PMI Unemployment Claims 28 Information from public sources. CME Group is not responsible for its accuracy or any changes. CME Group Holiday Serial Currency Options Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD Options, Serial ILS/USD Options ZAR/USD Options Monthly KRW/USD and Options Monthly: MXN/USD, Delivery MXN/USD ZAR/USD Delivery ZAR/USD Monthly: CNY/USD and Options, CNY/EUR and Monthly: BRL/USD and Options, USD/CNY, E-micro Options, USD/CLP USD/CNY, USD/CNH, E-micro USD/CNH Ω Monthly: INR/USD, E-micro INR/USD Weekly BRL/USD Options Monthly RUB/USD and Options Delivery USD/CNH, Delivery E-micro USD/CNH 113

119 cmegroup.com/fx MARCH 2015 SUN MON TUE WED THU FRI / /303 Personal Income MONTH CODE: H /302 64/301 65/300 Bank of Canada ECB Meeting Factory Orders Unemployment Claims Employment International Trade SAT / / / /294 72/293 Retail Sales PPI Unemployment Claims w 75/290 Industrial Production and Capacity Utilization 76/289 FOMC Meeting Housing Starts 18 X 19 77/288 78/287 ECB Meeting ECB Meeting FOMC Meeting Unemployment Claims 20 79/ / /282 CPI New Home Sales /281 Durable Goods 85/280 Unemployment Claims 27 Ω 86/279 GDP / F 90/275 Personal Income PMI Consumer Confidence Information from public sources. CME Group is not responsible for its accuracy or any changes. Monthly: MXN/USD Options, ZAR/USD Options Weekly BRL/USD Options Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD, ZAR/USD (expiration at 9:16 a.m. CT) Monthly KRW/USD and Options (expiration at 1:30 a.m. CT) Monthly: CNY/USD and Options, CNY/EUR and Options, USD/CNY, E-micro USD/CNY, USD/ CNH, E-micro USD/CNH (expiration at 8:00 p.m. CT) Quarterly ILS/USD Options F Quarterly Variance 114 Ω Monthly: INR/USD, E-micro INR/ USD (expiration at 1:30 a.m. CT) Quarterly Currency Options Monthly: BRL/USD and Options, USD/CLP (expiration at 9:15 a.m. CT) X Delivery Currency w Quarterly: USD/TRY, EUR/TRY (expiration at 12:30 a.m. CT) Weekly RUB/USD Options Monthly RUB/USD and Options (expiration at 3:00 a.m. CT) Quarterly : Standard: CAD/USD; E-micro: USD/CAD, CAD/USD (expiration at 9:16 a.m. CT) Quarterly : Standard: AUD/USD, CHF/USD, CZK/USD, Dow Jones CME FX$INDEX, EUR/USD, GBP/USD, HUF/USD, ILS/USD, JPY/USD, NZD/USD, NOK/USD, PLN/USD, SEK/USD; E-mini: EUR/USD, JPY/USD; E-micro: AUD/USD, EUR/USD, GBP/USD, USD/CHF, CHF/USD, USD/JPY, JPY/USD; Cross Rate (expiration at 9:16 a.m. CT)

120 2015 FX Product Guide and Calendar MONTH CODE: J APRIL 2015 SUN MON TUE WED THU FRI 1 91/274 ECB Meeting /273 93/272 Factory Orders Employment International Trade Unemployment Claims SAT /269 97/268 98/267 99/ /265 Unemployment Claims / /261 PPI Retail Sales /260 Bank of Canada ECB Meeting Industrial Production and Capacity Utilization /259 Housing Starts Unemployment Claims /258 CPI / / / /252 New Home Sales Unemployment Claims 114/251 Durable Goods / Ω 118/247 FOMC Meeting Consumer Confidence /246 FOMC Meeting GDP /245 Personal Income Unemployment Claims PMI Information from public sources. CME Group is not responsible for its accuracy or any changes. CME Group Holiday Weekly Currency Options Serial Currency Options Serial ILS/USD Options Monthly: MXN/USD Options, ZAR/USD Options Monthly KRW/USD and Options Delivery MXN/USD Monthly: MXN/USD, Delivery ZAR/USD ZAR/USD Monthly: BRL/USD and Monthly: CNY/USD and Options, USD/CLP Options, CNY/EUR and Weekly BRL/USD Options Options, USD/CNY, E-micro USD/CNY, USD/CNH, E-micro USD/CNH Ω Monthly: INR/USD, E-micro Monthly RUB/USD and Options Delivery USD/CNH, Delivery E-micro USD/CNH INR/USD Weekly ILS/USD Options 115

121 cmegroup.com/fx MAY 2015 MONTH CODE: K SUN MON TUE WED THU FRI 1 121/244 SAT /241 Factory Orders 125/240 International Trade 126/239 ECB Meeting 127/238 Unemployment Claims 128/237 Employment / / /232 Retail Sales / /230 PPI Industrial Unemployment Production Claims and Capacity Utilization / / /225 Housing Starts ECB Meeting / /223 Unemployment CPI Claims / /219 Consumer Confidence Durable Goods New Home Sales 27 Ω 147/218 Bank of Canada /217 Unemployment Claims /216 GDP PMI 30 Information from public sources. CME Group is not responsible for its accuracy or any changes. CME Group Holiday Serial Currency Options Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD Options, Serial ILS/USD Options ZAR/USD Options Monthly KRW/USD and Options Monthly: MXN/USD, Delivery MXN/USD ZAR/USD Delivery ZAR/USD Monthly: CNY/USD and Options, CNY/EUR and Monthly: BRL/USD and Options, USD/CNY, E-micro Options, USD/CLP USD/CNY, USD/CNH, E-micro USD/CNH Ω Monthly: INR/USD, E-micro INR/USD Weekly BRL/USD Options Monthly RUB/USD and Options Delivery USD/CNH, Delivery E-micro USD/CNH 116

122 2015 FX Product Guide and Calendar MONTH CODE: M JUNE 2015 SUN MON TUE WED THU FRI / /212 Personal Income Factory Orders 3 154/211 ECB Meeting International Trade 4 155/210 Unemployment Claims 5 156/209 Employment SAT / / / / /202 Retail Sales PPI Unemployment Claims w 166/199 Industrial Production and Capacity Utilization 167/198 FOMC Meeting Housing Starts 17 X 168/197 FOMC Meeting ECB Meeting /196 CPI ECB Meeting Unemployment Claims / / / /190 Durable Goods GDP New Home Sales Ω 176/ /188 Personal Income Unemployment Claims ) 180/ /184 PMI Consumer Confidence Information from public sources. CME Group is not responsible for its accuracy or any changes. Monthly: MXN/USD Options, ZAR/USD Options Weekly BRL/USD Options Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD, ZAR/USD (expiration at 9:16 a.m. CT) Monthly KRW/USD and Options (expiration at 1:30 a.m. CT) ) Quarterly and Semi-annual Variance Monthly: CNY/USD and Options, CNY/EUR and Options, USD/CNY, E-micro USD/CNY, USD/CNH, E-micro USD/CNH (expiration at 8:00 p.m. CT) Ω Monthly: INR/USD, E-micro INR/USD (expiration at 1:30 a.m. CT) Quarterly ILS/USD Options Quarterly Currency Options Monthly: BRL/USD and Options, USD/CLP (expiration at 9:15 a.m. CT) X Delivery Currency w Quarterly: USD/TRY, EUR/TRY (expiration at 12:30 a.m. CT) Weekly RUB/USD Options Monthly RUB/USD and Options (expiration at 3:00 a.m. CT) Quarterly : Standard: CAD/USD; E-micro: USD/CAD, CAD/USD (expiration at 9:16 a.m. CT) Quarterly : Standard: AUD/USD, CHF/USD, CZK/USD, Dow Jones CME FX$INDEX, EUR/USD, GBP/ USD, HUF/USD, ILS/USD, JPY/USD, NZD/USD, NOK/ USD, PLN/USD, SEK/USD; E-mini: EUR/USD, JPY/USD; E-micro: AUD/USD, EUR/USD, GBP/USD, USD/CHF, CHF/USD, USD/JPY, JPY/USD; Cross Rate (expiration at 9:16 a.m. CT) 117

123 cmegroup.com/fx JULY 2015 MONTH CODE: N SUN MON TUE WED THU FRI 1 182/183 ECB Meeting / /181 Employment Factory Orders Unemployment Claims SAT / /177 International Trade 189/ / /174 Unemployment Claims / /170 Retail Sales /169 Bank of Canada Industrial Production and Capacity Utilization PPI /168 ECB Meeting Unemployment Claims /167 CPI Housing Starts / / / /161 Unemployment Claims 205/160 New Home Sales /157 Durable Goods /156 FOMC Meeting Consumer Confidence 29 Ω 210/155 FOMC Meeting /154 GDP Unemployment Claims /153 PMI Information from public sources. CME Group is not responsible for its accuracy or any changes. CME Group Holiday Serial Currency Options Monthly: MXN/USD Options, ZAR/USD Options Monthly: MXN/USD, ZAR/USD Monthly: CNY/USD and Options, USD/CNY, E-micro USD/CNY, USD/CNH, E-micro USD/CNH, CNY/EUR and Options Ω Monthly: INR/USD, E-micro INR/USD Weekly ILS/USD Options Weekly Currency Options Serial ILS/USD Options Monthly KRW/USD and Options Delivery MXN/USD Delivery ZAR/USD Monthly: BRL/USD and Options, USD/CLP Weekly BRL/USD Options Monthly RUB/USD and Options Delivery USD/CNH, Delivery E-micro USD/CNH 118

124 2015 FX Product Guide and Calendar MONTH CODE: Q AUGUST 2015 SUN MON TUE WED THU FRI SAT / /149 Personal Income Factory Orders 5 217/148 International Trade ECB Meeting 6 218/147 Unemployment Claims 7 219/146 Employment / / / /140 Retail Sales Unemployment Claims 226/139 Industrial Production and Capacity Utilization PPI / / /134 Housing Starts CPI / /132 Unemployment Claims / /122 PMI /128 Consumer Confidence New Home Sales / Ω 239/ / Durable Goods GDP Unemployment Claims Personal Income Information from public sources. CME Group is not responsible for its accuracy or any changes. Serial Currency Options Monthly: MXN/USD Options, ZAR/USD Options Monthly: MXN/USD, ZAR/USD Monthly: CNY/USD and Options, USD/CNY, E-micro USD/CNY, CNY/EUR and Options, USD/CNH, E-micro USD/CNH Ω Monthly: INR/USD, E-micro INR/USD Weekly ILS/USD Options Weekly Currency Options Serial ILS/USD Options Monthly KRW/USD and Options Delivery MXN/USD Delivery ZAR/USD Monthly: BRL/USD and Options, USD/CLP Weekly BRL/USD Options Monthly RUB/USD and Options Delivery USD/CNH, Delivery E-micro USD/CNH 119

125 cmegroup.com/fx SEPTEMBER 2015 SUN MON TUE WED THU FRI 1 244/121 MONTH CODE: U / / /118 Factory Orders ECB Meeting International Trade Unemployment Claims Employment SAT / / /113 Bank of Canada /112 Unemployment Claims /111 PPI / w 258/107 Industrial Production and Capacity Utilization Retail Sales 16 X / /105 ECB Meeting ECB Meeting FOMC Meeting FOMC Meeting CPI Housing Starts Unemployment Claims / / / / /98 268/97 Durable Goods GDP New Home Sales Unemployment Claims Ω 271/ /93 Personal Income Consumer Confidence 30 F 273/92 PMI Information from public sources. CME Group is not responsible for its accuracy or any changes. CME Group Holiday Monthly: MXN/USD Options, ZAR/USD Options Weekly BRL/USD Options Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD, ZAR/USD (expiration at 9:16 a.m. CT) Monthly KRW/USD and Options (expiration at 1:30 a.m. CT) Monthly: CNY/USD and Options, USD/CNY, E-micro USD/CNY, CNY/EUR and Options, USD/CNH, E-micro USD/CNH (expiration at 8:00 p.m. CT) Ω Monthly: INR/USD, E-micro INR/USD (expiration at 1:30 a.m. CT) Quarterly ILS/USD Options F Quarterly Variance 120 Quarterly Currency Options Monthly BRL/USD and Options, USD/CLP (expiration at 9:15 a.m. CT) X Delivery Currency Delivery MXN/USD w Quarterly: USD/TRY, EUR/TRY (expiration at 12:30 a.m. CT) Weekly RUB/USD Options Monthly RUB/USD and Options (expiration at 3:00 a.m. CT) Quarterly : Standard: CAD/USD; E-micro: USD/CAD, CAD/USD (expiration at 9:16 a.m. CT) Quarterly : Standard: AUD/USD, CHF/USD, CZK/USD, Dow Jones CME FX$INDEX, EUR/USD, GBP/USD, HUF/USD, ILS/USD, JPY/USD, NZD/USD, NOK/USD, PLN/USD, SEK/USD; E-mini: EUR/USD, JPY/USD; E-micro: AUD/USD, EUR/USD, GBP/USD, USD/CHF, CHF/USD, USD/ JPY, JPY/USD; Cross Rate (expiration at 9:16 a.m. CT)

126 2015 FX Product Guide and Calendar MONTH CODE: V OCTOBER 2015 SUN MON TUE WED THU FRI 1 274/91 Unemployment Claims 2 275/90 Employment Factory Orders SAT /87 279/86 International Trade 280/85 ECB Meeting 281/84 282/83 Unemployment Claims /80 286/79 287/78 PPI Retail Sales 288/77 289/76 CPI Industrial Unemployment Production Claims and Capacity Utilization /73 293/72 Housing Starts 294/71 Bank of Canada 295/70 ECB Meeting 296/69 Unemployment Claims /66 New Home Sales /65 FOMC Meeting Consumer Confidence Durable Goods 28 Ω 301/64 FOMC Meeting /63 GDP Unemployment Claims /62 Personal Income PMI Information from public sources. CME Group is not responsible for its accuracy or any changes. Serial Currency Options Serial ILS/USD Options Monthly: MXN/USD Options, Monthly KRW/USD and Options ZAR/USD Options Delivery MXN/USD Monthly: CNY/USD and Delivery ZAR/USD Options, USD/CNY, E-micro USD/CNY, CNY/EUR and Options, USD/CNH, E-micro USD/CNH Ω Monthly: INR/USD, E-micro INR/USD Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD, Monthly: BRL/USD and Options, USD/CLP Weekly BRL/USD Options Floor Currencies and Interest Rates closed Floor Agriculturals and Equities normal day Monthly RUB/USD and Options Delivery USD/CNH, Delivery E-micro USD/CNH ZAR/USD 121

127 cmegroup.com/fx NOVEMBER 2015 SUN /59 MON TUE WED THU FRI /58 308/57 Factory Orders ECB Meeting International Trade 5 309/56 Unemployment Claims MONTH CODE: X 6 310/55 Employment SAT / / / /49 317/48 Unemployment PPI Claims Retail Sales / /44 CPI Industrial Production and Capacity Utilization /43 ECB Meeting Housing Starts /42 324/41 Unemployment Claims /38 24 Ω 328/37 GDP Consumer Confidence /36 330/35 Durable Goods New Home Sales Personal Income Unemployment Claims / /31 PMI Information from public sources. CME Group is not responsible for its accuracy or any changes. CME Group Holiday Serial Currency Options Monthly: MXN/USD Options, ZAR/USD Options Monthly: CNY/USD and Options, USD/CNY, E-micro USD/CNY, CNY/EUR and Options, USD/CNH, E-micro USD/CNH Ω Monthly: INR/USD, E-micro INR/USD Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD, ZAR/USD Serial ILS/USD Options Monthly KRW/USD and Options Delivery MXN/USD Delivery ZAR/USD Monthly: BRL/USD and Options, USD/CLP Weekly BRL/USD Options Floor Currencies and Interest Rates closed Floor Agriculturals and Equities normal day Monthly RUB/USD and Options Delivery USD/CNH, Delivery E-micro USD/CNH 122

128 2015 FX Product Guide and Calendar MONTH CODE: Z DECEMBER 2015 SUN MON TUE WED THU FRI SAT 1 335/ /29 Bank of Canada /28 338/27 ECB Meeting Factory Orders Unemployment Employment International Trade Claims / / / /21 345/20 Unemployment PPI Claims Retail Sales /17 15 w 16 X /16 350/15 CPI ECB Meeting FOMC Meeting FOMC Meeting Housing Starts Industrial Production and Capacity Utilization 351/14 ECB Meeting Unemployment Claims / / /9 GDP / / /6 Durable Goods Unemployment New Home Sales Claims Personal Income /3 29 Ω 363/2 Consumer Confidence /1 31 ) 365/0 Unemployment Claims PMI Information from public sources. CME Group is not responsible for its accuracy or any changes. CME Group Holiday Monthly: MXN/USD Options, ZAR/USD Options Weekly BRL/USD Options Weekly ILS/USD Options Weekly Currency Options Monthly: MXN/USD, ZAR/USD (expiration at 9:16 a.m. CT) Monthly KRW/USD and Options (expiration at 1:30 a.m. CT) Monthly: CNY/USD and Options, USD/CNY, E-micro USD/CNY, CNY/EUR and Options (expiration at 8:00 p.m. CT), USD/CNH, E-micro USD/CNH Ω Monthly: INR/USD, E-micro INR/USD (expiration at 1:30 a.m. CT) Quarterly ILS/USD Options ) Quarterly, Semi-annual and Annual Variance Quarterly Currency Options Monthly: BRL/USD and Options, USD/CLP (expiration at 9:15 a.m. CT) X Delivery Currency w Quarterly: USD/TRY, EUR/TRY (expiration at 12:30 a.m. CT) Weekly RUB/USD Options Monthly RUB/USD and Options (expiration at 3:00 a.m. CT) Quarterly : Standard: CAD/USD; E-micro: USD/CAD, CAD/USD (expiration at 9:16 a.m. CT) Quarterly : Standard: AUD/USD, CHF/USD, CZK/USD, Dow Jones CME FX$INDEX, EUR/USD, GBP/ USD, HUF/USD, ILS/USD, JPY/USD, NZD/USD, NOK/ USD, PLN/USD, SEK/USD; E-mini: EUR/USD, JPY/USD; E-micro: AUD/USD, EUR/USD, GBP/USD, USD/CHF, CHF/USD, USD/JPY, JPY/USD; Cross Rate (expiration at 9:16 a.m. CT) Delivery ZAR/USD 123

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130 CONTACT INFORMATION CME GROUP GLOBAL FX TEAM For more information, the CME FX team at For more on our CME FX offering, visit cmegroup.com/fx CME GLOBEX CONTROL CENTER UNITED STATES OUTSIDE THE UNITED STATES

131 , options and swaps trading is not suitable for all investors, and involves the risk of loss. and swaps are leveraged investments, and because only a percentage of a contract s value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures and a swap position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade. The information within this presentation has been compiled by CME Group for general purposes only. Although every attempt has been made to ensure the accuracy of the information within this presentation, CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this presentation are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or necessarily the results of actual market experience. All data is sourced by CME Group unless otherwise stated. All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT, NYMEX rules. Current rules should be consulted in all cases concerning contract specifications. This communication does not constitute a Prospectus, nor is it a recommendation to buy, sell or retain any specific investment or to utilise or refrain from utilising any particular service. This communication is for the exclusive use of Eligible Counterparties and Professional Clients only and must not be relied upon by Private Clients who should take independent financial advice. Circulation should be restricted accordingly. CME Group is a trademark of CME Group Inc. The Globe logo, E-mini, E-micro, Globex, CME and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. ClearPort and NYMEX are trademarks of the New York Mercantile Exchange, Inc. Dow Jones is a trademark of Dow Jones Company, Inc. VolX is a trademark of the VolX Group Corporation in the US and other countries. VolContracts is a trademark of the Volatility Exchange Corporation in the US and other countries. All other trademarks are the property of their respective owners. CME Europe Limited will be a Recognised Investment Exchange (RIE) subject to a pending application to the Financial Conduct Authority. CME Clearing Europe Limited is a Recognised Clearing House (RCH) recognised by the Bank of England. CME European Trade Repository is a trading name of CME Trade Repository Limited, a registered trade repository under EMIR. Chicago Mercantile Exchange Inc. is a Recognised Overseas Clearing House (ROCH) recognised by the Bank of England. Chicago Mercantile Exchange Inc., Board of Trade of the City of Chicago and the New York Mercantile Exchange are Recognised Overseas Investment Exchanges (ROIE s) recognised by the Financial Conduct Authority. Issued by CME Marketing Europe Limited. CME Marketing Europe Limited (FRN: ) is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Copyright 2014 CME Group. All rights reserved.

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