Introduction to Eurodollar Futures

Eurodollars play an important role in the global economy. Often confused with the EUR/USD currency pairing, Eurodollars represent U.S.-dollar held at foreign banks, and is one of the world’s largest interest rate markets.

Get a better understanding of how the Eurodollar market works, including how market participants worldwide manage risk and express views on this market by trading liquid Eurodollar futures and options. We will walk you through how the contracts are built and the important concepts you need to know, like basis point values (BPV), convexity bias and implied forward rates. Explore the different ways to trade these contracts, from outrights to spreads to strips, and the benefits of trading futures as part of your portfolio.

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