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Canadian Dollar Currency Futures and Options

 

 

The No Nonsense Guide to Buying and Selling Options

 

*The information contained within this webpage comes from sources believed to be reliable. No guarantees are being made to the content's accuracy or completeness.

 

Here is the currency option brochure courtesy of the CME group.

Click Here.

 

Currency trading is a multi trillion dollar a day institution used by thousands of individuals and corporations.  Currency trading has become very popular in recent years which has in turn added greater liquidity to Canadian Dollar future and option contracts.

Canadian Dollar futures contracts first started trading at the Chicago Mercantile Exchange (CME) in May 1972 as part of the International Monetary Market, a division of the Exchange. Options contracts began trading in 1988. Currently CME offers a forum for trading Canadian dollars in its FX futures markets on both its GLOBEX electronic platform as well as on the trading floor. Canadian Dollar options carry the same contract size as the Canadian Dollar futures contracts. Canadian Dollar futures and options contracts trade on the floor of the CME Monday through Friday. Many savvy investors use the Canadian Dollar futures and options markets for currency hedging to limit currency risk exposure.

 

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

Canadian Dollar currency futures and options on futures contracts traded at CME® are designed to reflect changes in the U.S. dollar value of the Canadian dollar. 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.

 

The Canadian Dollar future contract’s trading unit is 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.

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

 

 

*Contract information changes from time to time. Please click here to see the most recent contract specifications and click here for the most recent trading hours.

 

Canadian Dollar Futures and Canadian Dollar Options
Contract Specifications

 

Trading Unit
Canadian Dollar Futures: 100,000 Canadian dollars physically delivered
Canadian Dollar Options: One Canadian dollar futures contract

Trading Hours
Canadian Dollar Future: Floor 7:20a.m.-2:00p.m. LTD (9:16a.m.) GLBX2 Mon/Thurs 4:30p.m.-4:00p.m. Sun & Hol 5:30p.m. - 4:00p.m.
Canadian Dollar Options: Floor/7:20a.m.-2:00a.m. LTD (2:00p.m.) GLBX2 Mon-Thurs 2:30p.m.-7:05a.m. Sun & Hol 5:30p.m.-7:05a.m.

Trading Months
Canadian Dollar Futures: Six months in the March Quarterly cycle, Mar, Jun, Sep, Dec
Options: Four months in the March cycle and two months not in the March cycle, plus 4 weekly expirations

Point Description
Canadian Dollar Future: 1 point = $.0001 per Canadian dollar = $10.00 per contract
Canadian Dollar Options: 1 point = $.0001 per Canadian dollar = $10.00 per contract

Minimum Price Fluctuation
Canadian Dollar Futures: Regular/0.0002 = $12.50, Calendar Spread/0.00005 = $5.00, All or none/0.00005 = $5.00
Canadian Dollar Options: Regular/0.0001 = $10.00, Cab 0.00005 = $5.00, Special "Half Tick" 0.00005 = $5.00 for premium < 0.00005, spreads w/net premium < 0.0005, non-generic combo trades < 0.0010.

Options Strike Prices
$.005 per Canadian dollar, e.g. $.700, $.705, $.710, etc.

Product Code
Canadian Dollar Futures: Clearing calls/Puts=C1, Ticker Calls=CV, Ticker Puts=PV PRS, Calls/Puts=OV, Weekly Expiration Options: Calls=1CC/5CC, Puts=1 CP/5CP, AON=LK (100 Threshold)
Canadian Dollar Options: Clearing=C1, Ticker=CD, GLOBEX2=6C, PRS=CD, AON=LK, (100 Threshold)

**Click Here Now! for actual Canandian dollar futures and options, quotes, prices, expirations, charts .....

 

 

Also visit: British Pound Futures, Euro Currency Futures, Japanese Yen Futures and Swiss Franc Futures.

 

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The information presented in this commodity futures and options site is not investment advice and is for informational purposes only. No guarantees are being made to its accuracy or completeness. This information can be considered a solicitation to enter into a derivatives trade. Investing in futures and options carries substantial risk of loss and is not suitable for some people. Past or simulated performance is not indicative to future results.