What is ‘E-Micro Forex Futures’
Currency futures contracts traded on CME Globex that are one-tenth the size of standard Forex futures. Currency futures are exchange-traded futures contracts that have currency exchange rates as the underlying commodity. There are standard and E-micro contracts to suit a variety of traders’ needs, accounts and risk tolerances.
Explaining ‘E-Micro Forex Futures’
The E-micro Forex futures contracts are offered exclusively by the CME Group and traded on CME Globex, an electronic futures trading platform. Unlike Forex, the currency futures market is regulated as a futures market and therefore has centralized pricing and clearing. Available E-micro Forex futures contracts include:
·EUR/USD – euro/US dollar
·USD/JPY – US dollar/Japanese yen
·GBP/USD – British pound/US dollar
·USD/CAD – US dollar/Canadian dollar
·AUD/USD – Australian dollar/US dollar
·USD/CHF – US dollar/Swiss franc
Further Reading
- Offshore activities and financial vs operational hedging – www.sciencedirect.com [PDF]
- Currency futures: An alternative to the opaque otc market – www.indianjournals.com [PDF]
- Foreign Currency Derivatives – link.springer.com [PDF]
- Strategy, complexity, and economic rent – pubsonline.informs.org [PDF]
- Examining the Causes and Potential Policy Responses to Emerging Market Currency Contagion – joi.pm-research.com [PDF]
- Exposure to FX Rate Risk-A Qualitative Analysis of German Fair Trade Importers – lup.lub.lu.se [PDF]
- Two Waves of Globalization in the Istanbul Stock Exchange since 1985 and the Evolution of the Domestic Retail Investor – journals.sagepub.com [PDF]
