CME Group E-micro USD/CAD Futures

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E-micro USD/CAD Futures
Contract Unit 10,000 Canadian Dollars
Price Quotation U.S dollars and cents per Canadian Dollar
Trading Hours CME Globex: Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 0.0001 per Canadian Dollar =$1.00
Product Code CME Globex: MCD

CME ClearPort: MCD

Clearing: MCD

Listed Contracts Two months in the March quarterly cycle (Mar, Jun, Sep, Dec)
Settlement Method Deliverable
Termination of Trading Trading terminates on 1st business day before 3rd wednesday of the contract month. if that is not a business day then it is the business day before that
Settlement Procedures Micro Canadian Dollar/American Dollar Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 293
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing

Notes[edit]

  • The September (U) 2010 E-micro Forex futures contracts are cash settled. However, starting with the December (Z) 2010 contract, CME FX will be migrating the E-micro Forex futures contracts from being cash settled to physically delivered. This will enable active traders to carry larger positions in the E-micros and easily offset them with our standard size FX contracts – potentially generating more liquidity and tighter spreads in the E-micro Forex futures contracts.