Canadian Dollar Currency Futures and 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
Here is the currency option brochure courtesy of the CME
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
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
*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
Canadian Dollar Futures: 100,000 Canadian dollars
Canadian Dollar Options: One Canadian dollar futures
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.
Options: Floor/7:20a.m.-2:00a.m. LTD (2:00p.m.)
GLBX2 Mon-Thurs 2:30p.m.-7:05a.m. Sun & Hol
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
Future: 1 point = $.0001 per Canadian dollar =
$10.00 per contract
Options: 1 point = $.0001 per Canadian dollar =
$10.00 per contract
Minimum Price Fluctuation
Futures: Regular/0.0002 = $12.50, Calendar
Spread/0.00005 = $5.00, All or none/0.00005 = $5.00
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,
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
Options: Clearing=C1, Ticker=CD, GLOBEX2=6C, PRS=CD,
AON=LK, (100 Threshold)
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for actual Canandian dollar futures and options, quotes, prices, expirations, charts .....
Also visit: British
Pound Futures, Euro
Japanese Yen Futures and
Swiss Franc Futures.