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Below is a summary and basic information from the exchange for some of the popular commodities that fall under the currency sector.
Currency markets are used by both speculators and hedgers. Speculators watch global economic activity to play the markets, while hedgers use currency contracts to hedge against foreign exchange risk.
The British Pound also known as the pound sterling, is the oldest currency still in use today, with its history stretching as far back as the middle 8th century.
Eurodollar interbank deposit having approximately $1 million principal value, for three-month term to maturity, for spot settlement on the 3rd Wednesday of the contract month. 62,500 British pounds
Dollar/Points
Mar, Jun, Sept, Dec
Deliverable
Second London bank business day before 3rd Wednesday of the contract month. Trading in expiring contracts terminates at 11:00 a.m. London time on the last trading day.
The U.S. Dollar is the most used currency in international transactions and as other countries’ official currency. Furthermore, the Dollar is also one of the world’s reserve currencies. The U.S. dollar is also known as the green back.
One contract = $1000 X Index value
.005 = $5
Dollar/Points
Mar, Jun, Sept, Dec
Deliverable
Trading ceases at 10:16 Eastern time two days prior to settlement. The US Dollar Index is physically settled on the third Wednesday of the expiration month against six component currencies (euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc) in their respective percentage weights in the Index. Settlement rates may be quoted to three decimal places.
Euro FX futures and options on futures contracts traded at CME are designed to reflect changes in the U.S. dollar value of the euro. It is not to be confused with the Eurodollar futures contract, which is an interest rate futures product traded on the Chicago Mercantile Exchange (CME). Euro FX futures allow traders to assess value against the U.S. dollar, as well as the opportunity to address risk from currency fluctuations in other foreign trade markets. Since the Euro is used in 17 of the 27 European Union countries, many times a Euro note is purchased in one country but spent or used in another country.
125,000 Euro
0.01= $12.50
Dollar/Points
Mar, Jun, Sept, Dec
Deliverable
9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
As Japan is one of the largest economies in the world, with one of the highest GDP among nations, it is one of the largest exporters, in dollar terms. Major economic data impacting yen futures trading includes: the release of GDP, retail sales, industrial production, inflation and trade balances.
12,500,000 Japanese yen
$.0000005 per Japanese yen increments ($6.25/contract)
Dollar/Points
Mar, Jun, Sept, Dec
Deliverable
9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
100,000 Australian dollars
$.0001 per Australian dollar increments ($10.00/contract)
Dollar/Points
Mar, Jun, Sept, Dec
Deliverable
9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Today, the Mexican Peso lands at the 12th most-traded currency in the world, third in the Americas, and first in Latin America in world currency ratings.
500,000 Mexican pesos
$.00001 per Mexican peso increments ($5.00/contract).
Dollar/Points
Jan, Feb, Mar, April, May, June, July, Aug, Sept, Oct, Nov, Dec
Deliverable
9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
The Swiss Franc, created in 1798 by Swiss cantons, was made the official currency in 1859 after the issue of money was restricted to the federal government. The Swiss Franc is popular for its low volatility and its low correlation with returns on foreign assets which makes it considered as one of the world’s strongest currencies.
125,000 Swiss francs
$.0001 per Swiss Franc increments ($12.50/contract).
Dollar/Points
Mar, Jun, Sep, Dec
Deliverable
9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts,[3] as it is by Canadians in general. Canada's dollar is the 5th most held reserve currency in the world, accounting for approximately 2% of all global reserves, behind only the U.S. dollar, the euro, the yen and the pound sterling
100,000 Canadian dollars
$.0001 per Canadian Dollar increments ($10.00/contract)
Dollar/Points
Mar, Jun, Sep, Dec
Deliverable
9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Brazil has a long history of ever-changing currency forms that began in the 16th century with Spanish coins first making an appearance. From then on, gold, copper and paper were also introduced. Brazil has the largest economy in South America.
100,000 Brazilian real
$.00005 per Brazilian real increments ($5.00/contract)
Dollar/Points
Jan, Feb, Mar, April, May, June, July, Aug, Sept, Oct, Nov, Dec
Deliverable
9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
