Currencies » British Pound Futures

Now you can trade British Pound futures at optionsXpress! Open an account to trade futures at optionsXpress.

Symbol
BP
Exchange
CME
Contract Size
62,500 British Pounds
Tick Size
0.0001 = $6.25

About CME British Pound Futures

Financial institutions, investment managers, corporations, and private investors can use British Pound futures to manage the risks associated with currency rate fluctuation and to take advantage of profit opportunities stemming from changes in currency rates. The British Pound is the currency of the United Kingdom as well as a major currency traded worldwide by corporations, institutions, banks, commodity funds, and futures traders. Arbitrage in British Pound futures trading at the Chicago Mercantile Exchange helps to keep the contract in line with larger scale worldwide bank and institutional trading.

The CME began trading Pound futures contracts in 1975. Currently, the CME offers markets for trading British Pound futures on its Globex electronic trading platform. British Pound futures contracts traded at the CME are designed to reflect changes in the U.S. Dollar value of the Pound. Futures contracts are quoted in U.S. Dollars per Pound, and call for physical delivery at expiration.

The CME has long been considered the world's premier exchange for the trading of currency futures and options. optionsXpress offers access to British Pound futures on the CME Globex system for 23 continuous hours each day - so you can trade when it's most convenient for you.

CME British Pound Futures Specifications

British Pound Futures, Chicago Board of Trade, trading symbol BP Minimum Tick Size is: $0.0001 per British Pound, worth $6.25 per contract.

British Pound futures trade continuously on the CME Globex system, from 6:00 PM EST on Sunday until 5:00 PM EST Monday. During the week, the trading session is from 6:00 PM EST until 5:00 PM EST the following afternoon.

Available Trading Months: March, June, September, and December.

Please see the disclosures page for additional information regarding this section.