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Canadian Dollar Futures and Options

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Canadian Dollar Futures and Options

Canadian dollar futures contracts first started trading at 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.

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 futures and options on futures contracts traded at CME 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.

The Canadian Dollar future contract 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.

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