Foreign currency futures contract

Foreign currency futures contract

Standardized and easily transferable obligation between two parties to exchange currencies at a specified rate during a specified delivery month; standardized contract on specified underlying currencies, in multiples of standard amounts. Purchased and traded on a regulated exchange on which margins are posted.

Currency Futures

A futures contract in which the underlying asset is a currency. Two parties agree to buy and sell a certain currency at a given exchange rate with respect to another currency at some point in the future. The market for currency futures contracts is important in estimating the future value of different currencies.
Mentioned in ?
References in periodicals archive ?
A position in a foreign currency futures contract in relation to
Customers, primarily New York brokers, phone him with orders for foreign currency futures contracts or options.
Each of the option contracts has a trading unit equal to one half the size of foreign currency futures contracts on the IMM, (International Money Market.
78 million in restitution and a civil penalty of $400,000, for fraudulent solicitation and offering illegal foreign currency futures contracts in violation of the California Commodities Law and federal law.
Commodity Futures Trading Commission (CFTC) on June 28, 2005 charging the defendants with fraudulent solicitation and offering illegal foreign currency futures contracts in violation of the California Commodities Law and federal law.
15 per ADS, from the company's entry into various speculative foreign currency futures contracts.

Full browser ?