Starting Sunday, December 19, 2010, for the trade date of Monday, December 20, 2010, CME will list American-terms quoted E-micro CAD/USD, JPY/USD and CHF/USD futures contracts. These new products are in "American terms" (AKA, IMM-terms) or U.S. dollars per foreign units and will be in addition to the pre-existing "European term" E-micro futures contracts for the same currency pairs. The new products will enable (1) one lot hedges for Dow Jones CME FX$INDEX futures contracts, and (2) perfect offsets with the corresponding regular-size FX futures on a 10 to 1 ratio according to CME Rule 855. These new futures contracts will be physically delivered and be governed by the rules set forth in their respective chapters and Chapter 7 in the CME Rulebook. These contracts will trade exclusively on the CME Globex® electronic trading system and be accessible to members using GALAX-C® handheld terminals. These new foreign exchange (FX) contracts will expand the FX product line to 52 futures contracts comprised of 20 different currencies.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.