ELX Eurodollar Futures

From MarketsWiki
Jump to navigation Jump to search

The Eurodollar Futures contract is a product launched by ELX Futures on June 18, 2010. The Eurodollar Futures contract is part of ELX's suite of U.S. Treasury futures products already trading, including the 2-Year Note Futures, 5-Year Note Futures, 10-Year Note Futures, the 30-Year Bond Futures, and the Ultra Long Term bond futures.

ELX allows several different strategies for the Eurodollar Futures, including calendar spreads: which enables investors to simultaneously buy and sell two different futures contracts that have different delivery months, Packs: enabling investors to simultaneously buy four consecutive quarterly contracts, and 2-year Bundles: which enables the simultaneous purchase or selling of eight consecutive quarterly contracts.[1]

Eurodollar futures
Exchange ELX Futures
Settlement Cash settled
Contract Size Eurodollar Time Deposit having a principal value of USD $1,000,000 with a three-month maturity.
Pricing Unit One-quarter of one basis point (0.0025 = $6.25 per contract) in the nearest expiring contract month; One-half of one basis point (0.005 = $12.50 per contract) in all other contract months.

The “new” front-month contract begins trading in 0.0025 increments at 6:00 pm Eastern Time (ET), on the Sunday before the Monday on which the “old” expiring contract ceases trading.

Tick Value Need tick value!
Contract Months Quarterly: Mar, Jun, Sep, Dec

Serial: Jan, Feb, Apr, May, Jul, Aug, Oct, Nov

Last Trading Day The second London bank business day prior to the third Wednesday of the contract expiry month. Trading in the expiring contract closes at 11:00 a.m. London Time on the last trading day.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 6:00 pm - 5:00 pm, Eastern Time, Sunday - Friday
Ticker Symbol N/A GEe
Price Limits N/A N/A



Also See[edit]

ELX Futures, L.P.