ICE US Dollar Index

From MarketsWiki
Jump to: navigation, search
Occ-banner.png

The ICE U.S. Dollar Index (USDX) futures contract is a leading benchmark for the international value of the US dollar and the world's most widely-recognized traded currency index. In a single transaction the USDX enables market participants to monitor moves in the value of the US dollar relative to a basket of world currencies, as well as hedge their portfolios against the risk of a move in the dollar. US Dollar Index futures are traded for 21 hours a day on the ICE platform.[1]

Contract Specs

US Dollar Index® Futures
Trading Screen Product Name US Dollar Index Futures
Trading Screen Hub Name NYCC
Trading Hours Electronic Trading Hours (Sun - Fri) *The trading platform is available 30 minutes before the opening for order entry.

Open on Sunday night is 6:00 PM ET; Pre-Open at 5:30 PM ET

Unit of Trading One contract = $1000 X Index value
Contract Symbol DX
Quotation US Dollar Index points, calculated to three decimal places .010 = $10
Tick Size .005 = $5
Contract Series Four months in the March/June/September/December quarterly expiration cycle
Price Limits The DX contract has no price limits
Daily Settlement The volume-weighted average of all electronic trades transacted in the closing session (14:59 to 15:00 Eastern time).
Last Trading Day Trading ceases at 10:16 Eastern time two days prior to settlement (see next entry).
Final Settlement 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.
Position Limit The DX contract has no position limits.
Markers TAS (Trade at Settlement)[2]
Additional Information The U.S. Dollar Index, together with all rights, title and interest in and related to the U.S. Dollar Index, including all content included therein (including, without limitation, it’s formulation, components, values, weightings and methods of calculation), and all related intellectual property and property rights, is the exclusive property of ICE Data Indices, LLC. The U.S. Dollar Index, it’s formulation, components, weightings, values and methods of calculation have been selected, coordinated, arranged and maintained by ICE Data Indices, LLC. through the application of methods, know-how, creativity and standards of judgment used and developed through the expenditure of considerable work, time, effort and money, and may be modified by ICE Data Indices, LLC. from time to time based on this same and/or other criteria, and all rights, title and interest therein are proprietary exclusively to and expressly reserved by ICE Data Indices, LLC. The designations “U.S. Dollar Index”, “Dollar Index” and “USDX” are trademarks and service marks of ICE Data Indices, LLC., and they are also the subject of various trademark registrations in countries around the world (“ICE Data Indices Trademarks”). Any use whatsoever of the U.S. Dollar Index, it’s formulation, components, weightings, values and/or methods of calculation, or of the ICE Data Indices Trademarks, whether directly or indirectly, is strictly prohibited without the express written consent of ICE Data Indices, LLC.
MIC Code IFUS
Clearing Venues ICUS
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 8:00 PM - 5:00 PM*

20:00 - 17:00

7:30 PM

19:30

LONDON 1:00 AM - 10:00 PM*

01:00 - 22:00

12:30 AM

00:30

SINGAPORE 8:00 AM - 5:00 AM*

08:00 - 05:00

7:30 AM

07:30

*Next Day

Market opens at 6:00 pm on Sunday for Monday’s trade date. Pre-open at 5:30 pm Sunday, 7:30 pm Monday through Thursday.

Codes Clearing Admin Name US Dollar Index
Physical DX
Logical DX
GMI (FC) XD
ION A.C.N. 2211
US Dollar Index® Options
Trading Screen Product Name US Dollar Index Futures
Trading Screen Hub Name NYCC
Unit of Trading One futures contract ($1000 X Index value)
Contract Symbol DX
Quotation US Dollar Index points, calculated to three decimal places .010 = $10
Tick Size .005 = $5
Contract Series Four months in the March/June/September/December quarterly cycle and the nearest two calendar months.

For a serial option, the futures contract underlying the option is the next quarterly futures contract

Price Limits The DX contract has no price limits
Strike Price Increments Intervals of one half of one U.S. Dollar Index trading point (0.50).
Price Quotation Price quoted in US Dollar Index points out to 3 decimal places.
Last Trading Day Two Fridays before the third Wednesday of the expiring contract month
Final Settlement 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.
Additional Information The U.S. Dollar Index, together with all rights, title and interest in and related to the U.S. Dollar Index, including all content included therein (including, without limitation, it’s formulation, components, values, weightings and methods of calculation), and all related intellectual property and property rights, is the exclusive property of ICE Futures U.S., Inc. The U.S. Dollar Index, it’s formulation, components, weightings, values and methods of calculation have been selected, coordinated, arranged and maintained by ICE Futures U.S., Inc. through the application of methods, know-how, creativity and standards of judgment used and developed through the expenditure of considerable work, time, effort and money, and may be modified by ICE Futures U.S., Inc. from time to time based on this same and/or other criteria, and all rights, title and interest therein are proprietary exclusively to and expressly reserved by ICE Futures U.S., Inc. The designations “U.S. Dollar Index”, “Dollar Index” and “USDX” are trademarks and service marks of ICE Futures U.S., Inc., and they are also the subject of various trademark registrations in countries around the world (“ICE Futures Trademarks”). Any use whatsoever of the U.S. Dollar Index, it’s formulation, components, weightings, values and/or methods of calculation, or of the ICE Futures Trademarks, whether directly or indirectly, is strictly prohibited without the express written consent of ICE Futures U.S., Inc.
Position Limit The DX contract has no position limits.
MIC Code IFUS
Clearing Venues ICUS
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 8:00 PM - 5:00 PM*

20:00 - 17:00

7:30 PM

19:30

LONDON 1:00 AM - 10:00 PM*

01:00 - 22:00

12:30 AM

00:30

SINGAPORE 8:00 AM - 5:00 AM*

08:00 - 05:00

7:30 AM

07:30

*Next Day

Market opens at 6:00 pm on Sunday for Monday’s trade date. Pre-open at 5:30 pm Sunday, 7:30 pm Monday through Thursday.

Codes Clearing Admin Name US Dollar Index
Physical DX
Logical DX
GMI (FC) XD
ION A.C.N. 2211

Notes

References

  1. US Dollar Index® Futures. ICE.
  2. TAS. ICE.

Resources

ICE US Dollar Index® Futures Product Spec

ICE US Dollar Index® Options Product Spec