Introduction to the specifications of foreign exchange futures

Introduction to the specifications of foreign exchange futures, contracts

Foreign exchange futures contracts are standardized futures contracts with foreign exchange as the delivery content.

trading unit

The trading units of foreign exchange futures contracts, each foreign exchange futures contract is subject to a standard trading unit stipulated by the exchange. For example, the trading unit of a Deutsche Mark futures contract is 125,000 marks per share;

delivery month

Delivery month, the delivery month of all foreign exchange futures contracts in the international money market is the same, which is March, June, September and December every year. The third Wednesday of the delivery month is the delivery day of the month;

generic code

Generic codes, in operation, exchanges and futures commissions, as well as futures quotation tables, use codes to represent foreign exchange futures. The common codes for foreign exchange futures in the eight major currencies are British Pound BP, Canadian Dollar CD, Dutch Guilder DG, Deutsche Mark DM, Japanese Yen JY, Mexican Peso MP, Swiss Franc SF, French Franc FR;

minimum fluctuation amplitude

International currency markets specify a minimum range of volatility for each foreign exchange futures quote. On the trading floor, brokers make bids or bids that can only be multiples of the minimum range. The minimum volatility levels for the eight major foreign exchange futures contracts are as follows: GBP $0.0005, CAD $0.0001, Dutch Guilder $0.0001, Deutsche Mark $0.0001, Japanese Yen $0.0000001, Mexican Peso $0.00001, Swiss Franc $0.0001, French Franc $0.00005;

daily limit up and down

The daily daily limit is the maximum amount of movement in a futures contract in a day above or below the settlement price of the previous trading day. The limits for eight foreign exchange futures contracts are as follows: Mark $1,250, yen $1,250, Swiss franc $1,875, Mexican peso $1,500, Dutch guilder $1,250, French franc $1,250. If the quotation exceeds the limit, the transaction will be invalid.