About CME$INDEX Options

CME developed the CME$INDEX® as a geometric index of seven foreign currencies weighted to reflect the relative competitiveness of U.S. goods in foreign markets. It provides investors with a new instrument for foreign exchange market participation and risk management. The following table shows the currencies and weights for 2007.

CME began trading CME$INDEX futures and options on futures in March 2003. The contract’s size is $1,000 times the CME$INDEX, which is approximately $93,340. Trading occurs in points where $.01 index points equals $10.00 per contract.

CME$INDEX futures contracts trade six months in the March Quarterly Cycle. March, June, September, December. Options on futures contracts trade four months in the March quarterly cycle, two months not in the March cycle (serial months), plus four weekly expiration options.

A history for the CME$INDEX weights and adjustment factor can be found here: Historical Weights and Adjustment Factor.