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.
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