CME British Pound futures provide investment managers, financial institutions, corporations and private investors a way to manage the risks associated with currency rate fluctuation and to take advantage of profit opportunities stemming from changes in currency rates.
- BP trades in units of 62,500 BPThe minimum price fluctuation is 0.0001 ($6.25 per contract)
- M6B (E-micro) trades in units of 6,250 BP
The minimum price fluctuation is 0.0001 ($0.625 per contract)
Maximum Daily Price Fluctuation is No Limits.
Contract Expiration: Request Free Demo to gain access to our web-based trading platform. From within the web-based platform you will have access to view complete contract specifications, including First Notice and Last Trading day.
Margin requirements are subject to change, and are required for open futures positions.
The British Pound futures contract is available to trade via the CME Globex trading platform. Open outcry trading is conducted 5:20AM PT through 12:00PM PT. Electronic trading is available 3:00PM PT through 2:00PM PT.
Trading example: If you were to purchase 1 contract of BP at 1.9300, and the next day it moves to 1.9350, you would have a profit of $312.50. Inversely, if it were to move to 1.9250 you would have a loss of $312.50.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To make sense of the information provided and learn how to trade futures please read through our futures education.
You will receive a text message at the number you provided with a link to easily download our app.