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E-micro American Dollar/Canadian Dollar Futures Contract Specs

Contract Size 10,000 U.S. dollars
Contract Month Listings Two months in the March quarterly cycle (Mar, Jun, Sep, Dec)
Settlement Procedure Daily E-Micro FX Cross Rate Futures Settlement Procedure (PDF)
Final E-micro USD/CAD Settlement Procedure (PDF)
Position Accountability 60,000 E-micro contracts
Ticker Symbol M6C

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Minimum Price Fluctuation (Tick) 0.0001 CAD/USD (=1.00 CAD)
Contract Value If CAD/USD = 1.2500 then contract = 12,500 CAD (= $10,000 x 1.2500 CAD/USD)
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. Central Time (CT) with a 45–minute break each day beginning at 4:15 p.m. (CT)
Last Trade Date / Time
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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 No.
EFRP Eligibility Yes. View more on EFRPs.
*The September (U) 2010 E-micro Forex futures contracts are cash settled. However, starting with the December (Z) 2010 contract, CME FX will be migrating the E-micro Forex futures contracts from being cash settled to physically delivered. This will enable active traders to carry larger positions in the E-micros and easily offset them with our standard size FX contracts – potentially generating more liquidity and tighter spreads in the E-micro Forex futures contracts.