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BRL/USD Futures
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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
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

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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 reais 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.