Canadian dollar Futures Commodity Contract Specifications

Canadian dollar futures and options on futures contracts offer investors with a means to manage risks associated with currency exchange rate fluctuations and the advantage of profit opportunities stemming from changes in these currency rates.

Canadian dollar futures contracts began trading in 1972 as part of the International Monetary Market (IMM), a division of the Exchange. Commodity option contracts began trading in 1988. Currently the Canadian dollar trading in FX futures markets, Globex® as well as on the trading floor.

Futures contracts that also trade are, the Australian dollar/Canadian dollar, Canadian dollar / Japanese yen, and Euro FX / Canadian dollar as part of cross rate currency futures.

Chicago Mercantile Exchange Canadian dollar futures and commodity options contracts are designed to reflect changes in the U.S. dollar value of the Canadian dollar. Futures contracts are quoted in U.S. dollars per Canadian dollar, and call for physical delivery at expiration, which takes place on the third Wednesday of the contract month in the country of issuance at a bank designated by the Clearing House. Exercised options on futures are settled by the delivery of futures contracts.

Canadian Dollar future and commodity contract's trading Specs are 100,000 Canadian dollars. The contract moves in 1 point tick increments, which is $.0001 per Canadian dollar movement equals $10 per contract. Trading may also occur in $.00005 per Canadian dollar increments, or $5.00 per contract, for Canadian dollar intra-currency spreads executed on the trading floor and electronically, and for All-or-None transactions.

commodity contracts trade six months in the March quarterly cycle, Mar, Jun, Sep, Dec; and commodity options on futures trade four months in the March cycle and two months not in the March cycle, plus four weekly expirations.

Commodity Futures and Options Contract Specifications Main