Canadian Dollar Currency Futures Options Trading
Canadian Dollar Futures and Options
FX Quarterly Review
FX Product Guide & Calendar
FX Brochure for Institutional Investors
FX Brochure for Individual Traders
FX Options Traders Handbook
Canadian Dollar Futures and Options
Canadian dollar futures contracts first started trading at CME in May 1972 as part of the International Monetary Market, a division of the Exchange. Options contracts began trading in 1988. Currently CME offers a forum for trading Canadian dollars in its FX futures markets on both its GLOBEX electronic platform as well as on the trading floor.
Futures contracts are also traded in the Australian dollar/Canadian dollar, Canadian dollar/Japanese yen, and Euro FX/Canadian dollar as part of cross rate currency futures.
Canadian dollar futures and options on futures contracts traded at 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, which takes place on the third Wednesday of the contract month in the country of issuance at a bank designated by the Clearing House. Exercised options on futures are settled by the delivery of futures contracts.
The Canadian Dollar future contract trading unit is 100,000 Canadian dollars. The contract moves in 1 point tick increments, which is $.0001 per Canadian dollar movement equals $10 per contract. Trading may also occur in $.00005 per Canadian dollar increments, or $5.00 per contract, for Canadian dollar intra-currency spreads executed on the trading floor and electronically, and for All-or-None transactions.
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.
CAD/USD Futures Contract Specifications
Contract Size 100,000 Canadian dollars
Contract Month Listings Twenty months in the March quarterly cycle (Mar, Jun, Sep, Dec)
Settlement Procedure Physical Delivery
Daily FX Settlement Procedures (PDF)
Final FX Settlement Procedures (PDF)
Position Accountability 6,000 contracts
Ticker Symbol CME Globex Electronic Markets: 6C
Open Outcry: CD
AON Code: LK
Minimum Price Increment $.0001 per Canadian dollar increments ($10.00/contract). $.00005 per Canadian dollar increments ($5.00/contract) for CAD/USD futures intra-currency spreads executed on the trading floor and electronically, and for AON transactions.
Trading Hours CME Globex (ETH) 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 – Friday 5:00 p.m. – 4:15 p.m. Chicago Time (CT) with a 45–minute break each day beginning at 4:15 p.m.
Open Outcry (RTH) 7:20 a.m. – 2:00 p.m. Central Time (CT)
Last Trade Date / Time
View calendar 9:16 a.m. Central Time (CT) on the business day immediately preceding the third Wednesday of the contract month (usually Tuesday).
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
Block Trade Eligibility Yes. View more on Block Trade eligible contracts.
Block Trade Minimum 100 Contracts
EFP Eligibility Yes. View more on EFPs.
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