About CME Canadian Dollar Futures

CME® Canadian dollar futures and options on futures contracts offer financial institutions, investment managers, corporations and private investors with a means to manage risks associated with currency rate fluctuation and to take advantage of profit opportunities stemming from changes in currency rates.

CME Canadian dollar futures contracts first started trading in 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 CME Globex® as well as on the trading floor.

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

CME Canadian dollar futures and options on futures 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.

The CME anadian 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.

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.