Micro USD/CAD futures are FX contracts designed to give traders of all sizes the ability to take a position on the relative value of the US dollar to the Canadian dollar, or “Loonie.” Listed in the OTC-style quoting convention, each contract controls $10,000 worth of Canadian dollars for a new way to fine-tune your FX exposure and enhance your trading strategies.
If you have exposure to foreign currencies or are looking to accept risk in the FX marketplace, trading Micro USD/CAD 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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Two months in the March quarterly cycle (Mar, Jun, Sep, Dec).
Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
CME Globex Pre-Open: 4:45 p.m. – 5:00 p.m. CT
$10,000 US Dollars
CME offers electronic trading almost 24/5
0.0001 CAD per USD = C$1.00
If CAD per USD = 1.20, then contract = C$12,000 (= $10,000 x 1.2 CAD)
Trading terminates at 9:16 a.m. CT, one business day prior to the third Wednesday of the contract month.
Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT<br/> CME Globex Pre-Open: 4:45 p.m. – 5:00 p.m. CT