WHAT ARE MICRO BRITISH POUND FUTURES?

At 1/10th the size of standard British Pound futures (GPB/ USD) contract and 1/10th the risk exposure, these futures contracts allow market participants of all sizes to take a position on the value of the British pound vs. the US dollar at a fraction of the upfront cost.

WHY TRADE MICRO BRITISH POUND FUTURES?

  1. Allows traders to customize their exposure using a smaller contract.
  2. Third most widely held reserved currency and the fourth most traded currency often affected by economic events in both the United States and the United Kingdom.
  3. Typically has an inverse relationship with the US dollar, creating opportunities.

HOW DO YOU TRADE MICRO BRITISH POUND FUTURES?

If you have exposure to foreign currencies or are looking to accept risk in the FX marketplace, then trading Micro British Pound futures (GBP/ USD) offers the opportunity to hedge your risk or express an opinion on the value of one currency versus another.

Ready to get started trading futures?  You'll need to open an account with a broker.  Click Here to View a Broker List

Micro GBP/USD M6B

Open
High
Low
Volume
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Last Trade as of CST. 10 Minutes Delayed Quote. Powered by CQG

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CONTRACT SPECIFICATIONS
Contract Month
H, M, U, Z March, June, September, December
Trading Hours
CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.
Product
Micro GBP/USD
Contract Size
6,250 pounds
Trading Venue
CME offers electronic trading almost 24/10
Minimum Tick
0.0001 USD per GBP
Product Symbol
MGB
Dollar Value of One Tick
$0.625 per contract
Options Available
No
Notional Value
CONTRACT SPECIFICATIONS
Product Name
Options Expirations
Options Symbol
Trading Venue
Trading Hours
CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.
Type Of Expiration
Minimum Tick Size

PRODUCT OVERVIEW


02:53

ALERTS


2/7/2020 8:08:00 AM CT

Australian Dollar down 1%


1/27/2020 10:11:00 AM CT

Australian Dollar down 1%


1/7/2020 7:55:00 AM CT

Australian Dollar down 1%


1/2/2020 10:46:00 AM CT

British Pound down 1%


12/31/2019 9:57:00 AM CT

British Pound up 1%


Source: Redsky Markets

FUTURES CALENDAR


Feb 26
No Event