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Currency Futures - Forex Futures Trading

Currency Futures

Trade major currency futures - British pound, euro, Japanese yen, Australian and Canadian dollars, Swiss franc, US dollar index, Mexican peso, and Brazilian real - with ultra-low commissions and direct market access.

✓ British Pound (6B / M6B)
✓ Euro FX (6E / M6E)
✓ Japanese Yen (6J / MJY)
✓ AUD (6A / M6A)
✓ Canadian (6C)
✓ Swiss Franc (6S / MSF)
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Currency futures are the regulated, exchange-traded equivalent of the forex market. Unlike spot forex, currency futures trade on CME Group and ICE with full price transparency, centralized clearing, and no counterparty risk. Currency prices are driven by interest rate differentials between countries, inflation, economic growth, trade balances, and central bank policy. FOMC meetings, ECB decisions, Bank of Japan actions, and major economic data releases are key events for currency futures traders.

British Pound Futures

British Pound Futures

Symbol: 6B / M6B  |  Exchange: CME

The British Pound is one of the most widely traded currency futures. GBP/USD is one of the oldest and most liquid currency pairs in the world. The pound is sensitive to Bank of England monetary policy, UK economic data, and Brexit-related political developments. The 6B contract is settled in USD, making it straightforward for US-based traders.

SpecificationDetails
British Pound Futures (6B) - Standard Contract
Contract Size62,500 British pounds
Tick Size$0.0001 per pound = $6.25 per contract
Price QuoteUSD per GBP
Contract MonthsMar, Jun, Sep, Dec
Trading HoursSunday 5:00 PM – Friday 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
Micro GBP/USD Futures (M6B) - 1/10th the size of 6B
Contract Size6,250 British pounds (1/10th of 6B)
Tick Size$0.0001 per GBP = $0.625 per contract
Trading HoursSunday – Friday 5:00 PM – 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
First Notice DaySame as Last Trading Day
Settlement MethodPhysical Delivery
US Dollar Index Futures

US Dollar Index Futures

Symbol: DX  |  Exchange: ICE Futures US

The US Dollar Index measures the value of the USD against a basket of six major currencies (EUR 57.6%, JPY 13.6%, GBP 11.9%, CAD 9.1%, SEK 4.2%, CHF 3.6%). The DX is the most direct way to trade the overall strength or weakness of the US dollar in the futures market. Federal Reserve policy is the single biggest driver of the Dollar Index.

SpecificationDetails
US Dollar Index Futures (DX) - Standard Contract
Contract Size$1,000 × USDX value
Tick Size0.005 index points = $5.00 per contract
Price QuoteUSD per index point
Contract MonthsMar, Jun, Sep, Dec
Trading HoursSunday 6:00 PM – Friday 5:00 PM ET
Last Trading Day2 business days prior to the 3rd Wednesday of the contract month
Settlement MethodPhysical Delivery
Euro FX Futures

Euro FX Futures

Symbol: 6E / M6E  |  Exchange: CME

Euro FX futures are the most liquid currency futures contract in the world. EUR/USD is the most heavily traded currency pair globally. The euro is driven by ECB monetary policy, Eurozone inflation and growth data, and political developments within the European Union. The 6E contract is inversely correlated with the US Dollar Index.

SpecificationDetails
Euro FX Futures (6E) - Standard Contract
Contract Size125,000 euros
Tick Size$0.00005 per euro = $6.25 per contract
Price QuoteUSD per EUR
Contract MonthsMar, Jun, Sep, Dec
Trading HoursSunday 5:00 PM – Friday 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
Micro EUR/USD Futures (M6E) - 1/10th the size of 6E
Contract Size12,500 euros (1/10th of 6E)
Tick Size$0.0001 per EUR = $1.25 per contract
Trading HoursSunday – Friday 5:00 PM – 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
First Notice DaySame as Last Trading Day
Settlement MethodPhysical Delivery
Japanese Yen Futures

Japanese Yen Futures

Symbol: 6J / MJY  |  Exchange: CME

Japanese Yen futures are highly sensitive to Bank of Japan (BOJ) monetary policy, which has historically been ultra-loose. The yen is traditionally considered a safe-haven currency - it tends to strengthen during global risk-off periods. USD/JPY is one of the most volatile and widely watched currency pairs in the world.

SpecificationDetails
Japanese Yen Futures (6J) - Standard Contract
Contract Size12,500,000 Japanese yen
Tick Size$0.0000005 per yen = $6.25 per contract
Price QuoteUSD per JPY
Contract MonthsMar, Jun, Sep, Dec
Trading HoursSunday 5:00 PM – Friday 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
Micro JPY/USD Futures (MJY) - 1/10th the size of 6J
Contract Size1,250,000 Japanese yen (1/10th of 6J)
Tick Size$0.000001 per JPY = $1.25 per contract
Trading HoursSunday – Friday 5:00 PM – 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
First Notice DayN/A - Financially Settled
Settlement MethodFinancial Settlement (cash settled)
Australian Dollar Futures

Australian Dollar Futures

Symbol: 6A / M6A  |  Exchange: CME

The Australian Dollar is considered a commodity currency - it is closely correlated with commodity prices (particularly iron ore, copper, and coal) given Australia's large mining sector. The 6A is also sensitive to Chinese economic data, given China's importance as Australia's largest trading partner. The RBA (Reserve Bank of Australia) interest rate decisions are key market events.

SpecificationDetails
Australian Dollar Futures (6A) - Standard Contract
Contract Size100,000 Australian dollars
Tick Size$0.0001 per AUD = $10.00 per contract
Price QuoteUSD per AUD
Contract MonthsMar, Jun, Sep, Dec
Trading HoursSunday 5:00 PM – Friday 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
Micro AUD/USD Futures (M6A) - 1/10th the size of 6A
Contract Size10,000 Australian dollars (1/10th of 6A)
Tick Size$0.0001 per AUD = $1.00 per contract
Trading HoursSunday – Friday 5:00 PM – 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
First Notice DaySame as Last Trading Day
Settlement MethodPhysical Delivery
Canadian Dollar Futures

Canadian Dollar Futures

Symbol: 6C  |  Exchange: CME

The Canadian Dollar is closely correlated with crude oil prices, given Canada's position as a major oil exporter. The "loonie" is also sensitive to Bank of Canada policy, US economic data (given the close trade relationship), and commodity markets broadly. USD/CAD is often called the "oil currency pair" among forex traders.

SpecificationDetails
Canadian Dollar Futures (6C) - Standard Contract
Contract Size100,000 Canadian dollars
Tick Size$0.00005 per CAD = $5.00 per contract
Price QuoteUSD per CAD
Contract MonthsMar, Jun, Sep, Dec
Trading HoursSunday 5:00 PM – Friday 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading DayBusiness day prior to the 3rd Wednesday of the contract month
Settlement MethodPhysical Delivery
Swiss Franc Futures

Swiss Franc Futures

Symbol: 6S / MSF  |  Exchange: CME

The Swiss Franc is the ultimate safe-haven currency. During periods of global uncertainty, the CHF tends to strengthen significantly as investors seek safety. The Swiss National Bank (SNB) has historically intervened in currency markets to prevent excessive CHF appreciation, which can create sharp short-term moves. USD/CHF and EUR/CHF are closely watched pairs.

SpecificationDetails
Swiss Franc Futures (6S) - Standard Contract
Contract Size125,000 Swiss francs
Tick Size$0.0001 per CHF = $12.50 per contract
Price QuoteUSD per CHF
Contract MonthsMar, Jun, Sep, Dec
Trading HoursSunday 5:00 PM – Friday 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
Micro CHF/USD Futures (MSF) - 1/10th the size of 6S
Contract Size12,500 Swiss francs (1/10th of 6S)
Tick Size$0.0001 per CHF = $1.25 per contract
Trading HoursSunday – Friday 5:00 PM – 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
First Notice DaySame as Last Trading Day
Settlement MethodPhysical Delivery
Mexican Peso Futures

Mexican Peso Futures

Symbol: 6M  |  Exchange: CME

The Mexican Peso is the most liquid emerging market currency futures contract. The peso is sensitive to US-Mexico trade relations, BANXICO (Banco de México) interest rate decisions, oil prices (Mexico is a major oil producer), and risk sentiment globally. The 6M contract offers an opportunity to trade one of the most actively watched EM currencies.

SpecificationDetails
Mexican Peso Futures (6M) - Standard Contract
Contract Size500,000 Mexican pesos
Tick Size$0.000001 per MXN = $0.50 per contract
Price QuoteUSD per MXN
Contract MonthsMar, Jun, Sep, Dec (plus 2 nearby serial months)
Trading HoursSunday 5:00 PM – Friday 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading Day2nd business day prior to the 3rd Wednesday of the contract month
Settlement MethodPhysical Delivery
Brazilian Real Futures

Brazilian Real Futures

Symbol: 6L  |  Exchange: CME

Brazilian Real futures provide exposure to Latin America's largest economy. The BRL is driven by Banco do Brasil (BCB) interest rate policy, commodity prices (Brazil is a major exporter of soybeans, iron ore, and oil), political developments, and global risk appetite. The real is one of the most volatile emerging market currencies.

SpecificationDetails
Brazilian Real Futures (6L) - Standard Contract
Contract Size100,000 Brazilian real
Tick Size$0.00005 per BRL = $5.00 per contract
Price QuoteUSD per BRL
Contract MonthsAll 12 calendar months
Trading HoursSunday 5:00 PM – Friday 4:00 PM CT (with 60-min break daily at 4:00 PM)
Last Trading DayLast business day of the month preceding the delivery month
Settlement MethodCash Settled

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Trade currency futures at Discount Trading with $0.49 or less per contract commission on standard futures and ultra-low day trading margins. Our 24/6 trade support desk is available during all market hours.

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⚠ Important Disclaimer: All contract specifications, trading hours, margin requirements, first notice days, last trading days, and other details listed on this page are provided for informational purposes only and are subject to change at any time without notice by the exchange. Discount Trading is not responsible for the accuracy or completeness of this information. Always verify current contract specifications directly with the relevant exchange (CME Group, NYMEX, COMEX, CBOT, ICE, etc.) before placing any trade. Exchange, routing, clearing, and regulatory fees apply in addition to commission rates quoted.