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BRL/USD Futures
| BRL/USD Futures | |||||
|---|---|---|---|---|---|
| Contract Size | 100,000 Brazilian reals | ||||
| Contract Month Listings | Consecutive contract month listings (Jan., Feb., Mar., Apr., May, etc.) for a total maturity range out 10 years | ||||
| Daily Settlement Procedure | To reduce basis risk between the CME Brazilian real/U.S. dollar futures and the BM&FBOVESPA U.S. dollar/Brazilian real futures contract, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day.1 |
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| Final Settlement Procedure | Cash-settled | ||||
| Position Limits | 24,000 futures-equivalent contracts in a single month; 40,000 futures-equivalent contracts in all months combined** | ||||
| Ticker Symbol | CME Globex Electronic Markets: 6L Open Outcry: BR AON Code: LZ View product and vendor codes |
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| Minimum Price Fluctuation (Tick) | $.00005 per Brazilian real increments ($5.00/contract). | ||||
| Trading Hours | OPEN OUTCRY (RTH) | 7:20 a.m.-2:00 p.m. | |||
| 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 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45–minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) | ||||
| Last Trade Date / Time View calendar |
On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reals per U.S. dollar for cash delivery" (PTAX rate). | ||||
| 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 | 50 Contracts | ||||
| EFRP Eligibility | Yes. View more on EFRPs. | ||||
| **Position Limits: Size of position may not exceed the indicated numbers of contract, i.e., a finite limit. 1 Please note that daily settlement prices will be determined at 4:00 PM Sao Paulo time, which is either 2:00 PM or 1:00 PM or 12:00 noon Central Time depending upon relative implementation dates of Daylight Saving Time in both the U.S. and Brazil. CME publishes an annual schedule of the times for daily CME Brazilian real/U.S. dollar futures settlement prices. View times for daily BRL/USD futures settlement prices. |
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