ICE U.S. Dollar Index

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The ICE U.S. Dollar Index is a geometrically-averaged calculation of six currencies weighted against the U.S. dollar. The contract was established in 1973 and includes six currencies: the Euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.

On March 14, 2008 ICE announced a new daily trading volume record in the U.S. Dollar Index futures contract. Electronic futures volume on Thursday, March 13, totaled 46,382 contracts, surpassing by 63% the previous record of 28,536 contracts set on March 7.[1]


ICE U.S. Dollar Index (USDX) futures
Exchange ICE
Settlement Physically delivered
Contract Size One contract = $1000 X Index value
Pricing Unit US Dollar Index points, calculated to three decimal places .010 = $10
Tick Value .005 = $5
Contract Months Four months in the March/June/September/December quarterly expiration cycle
Last Trading Day The US Dollar Index is physically settled on the third Wednesday of the expiration month against six component currencies (euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc) in their respective percentage weights in the Index. Settlement rates may be quoted to three decimal places. Trading ceases at 10:16 Eastern time two days prior to settlement.
  Open Outcry Electronic
Trading Hours NA New York Time: 20:00 to 17:00
Ticker Symbol N/A DX
Price Limits N/A N/A
 
ICE U.S. Dollar Index (USDX) options
Trade Unit One futures contract
Point Value US Dollar Index points, calculated to three decimal places .010 = $10
Tick Value .005 = $5
Option Months Four months in the March/June/September/December and the nearest two months
Strike Prices Intervals of one half of one U.S. Dollar Index trading point (0.50).
  No Open Outcry No Electronic Market
Trading Hours N/A 20:00 to 17:00 Eastern time
Ticker Symbol N/A DX
Price Limits N/A N/A

Notes: The contract calls for receipt/delivery of US Dollars or receipt/delivery of six component currencies.

References

  1. U.S. Dollar Index Futures Establish Daily Volume Record at ICE. Bloomberg.

US Dollar Index Futures Contract Specs

US Dollar Index Options Contract Specs