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CME Tweaks FX Options
CME Group is set to change the strike price listing for certain FX options contracts in a bid to offer more granularity.Essentially, the exchange is reducing the number of steps above and below the at-the-money strike, while also reducing the strike increments. So, for AUD/USD, instead of 21 steps at $0.50 increments above and below the at-the-money strike, there will be eight steps above and below at $0.25 increments and then 10 steps at $0.50 increments for all weeklies and front monthly contracts. For non-front serials and quarterly contracts there will be 10 steps above and below the at-the-money strike at $0.50 increments and then 10 steps after that at $1 increments.

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