At 1/10th the size of standard Candian Dollar futures and 1/10th the risk exposure, these futures contracts allow market participants of all sizes to take a position on the value of the Canadian dollar, or "Loonie," vs. the US dollar.
If you have exposure to foreign currencies or are looking to accept risk in the FX marketplace, trading Micro Canadian Dollar futures offers you the opportunity to hedge your risk or express an opinion on the value of one currency versus another.
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H, M, U, Z March, June, September, December
CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.
Micro CAD/USD
10,000 Canadian dollars
CME offers electronic trading almost 24/7
0.0001 USD per CAD
MCD
$1 per contract
Deliverable
No
Trading terminates on 1st business day before 3rd wednesday of the contract month. if that is not a business day then it is the business day before that
CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.