Canadian dollar futures and options on futures contracts traded at the CME 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. Exercised options are settled by the delivery of futures contracts.
Financial institutions, investment managers, corporations and private investors can use Canadian dollar futures and options to manage the risks associated with currency rate fluctuation and to take advantage of profit opportunities stemming from changes in currency rates.
Canadian Dollar Futures: 100,000 Canadian dollars Physically delivered
Canadian Dollar Options: One Candian dollar futures contract
Futures: Floor 7:20a.m.-2:00p.m. LTD (9:16a.m.) GLBX2 Mon/Thurs 4:30p.m.-4:00p.m. Sun & Hol 5:30p.m.- 4:00p.m.
Options: Floor/7:20a.m.-2:00a.m. LTD (2:00p.m.) GLBX2 Mon-Thurs 2:30p.m.-7:05a.m. Sun & Hol 5:30p.m.-7:05a.m.
Futures: Six months in the March Quarterly cycle, Mar, Jun, Sep, Dec
Options: Four months in the March cycle and two months not in the March cycle, plus 4 weekly expirations
Futures: 1 point = $.0001 per Canadian dollar = $10.00 per contract
Options: 1 point = $.0001 per Canadian dollar = $10.00 per contract
Minimum Price Fluctuation
Futures: Regular/0.0002 = $12.50, Calendar Spread/0.00005 = $5.00, All or none/0.00005 = $5.00
Options: Regular/0.0001 = $10.00, Cab 0.00005 = $5.00, Special "Half Tick" 0.00005 = $5.00 for premium < 0.00005, spreads w/net premium < 0.0005, non-generic combo trades < 0.0010.
Options Strike Prices
$.005 per Canadian dollar, e.g. $.700, $.705, $.710, etc.
Futures: Clearing calls/Puts=C1, Ticker Calls=CV, Ticker Puts=PV PRS, Calls/Puts=OV, Weekly Expiration Options: Calls=1CC/5CC, Puts=1 CP/5CP, AON=LK (100 Threshold)
Options: Clearing=C1,Ticker=CD, GLOBEX2=6C, PRS=CD, AON=LK, (100 Threshold)