The Eurodollar futures contract is one of the largest and most successful interest rate-based contracts. This futures contract represents the interest rate on U.S. Dollars that are deposited in banks overseas.
Eurodollar futures contracts are used by a wide array of users, from banks to proprietary trading firms and commercial businesses to hedge funds. So, if you have U.S. dollar market exposure, Eurodollar futures can help manage your risk.
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H, M, U, Z (Mar, Jun, Sep, Dec)
5:00pm – 4:00pm (Sun–Fri) CT
Eurodollar
$2,500 x contract grade IMM index ($25 per basis point per annum)
CME offers electronic trading almost 24/6
Front month: 0.0025 price points. All other months: 0.005 price points
GE
Front month: $6.25.
All other months: $12.50
Financially Settled
Quarterly, Serial, Mid-Curve, Weekly
Second London bank business day before 3rd Wednesday of the contract month. Trading in expiring contracts terminates at 11:00 a.m. London time on the last trading day.
5:00pm – 4:00pm (Sun–Fri) CT
