currency futures

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.

currency futures

A contract for the future delivery of a specified amount of a major currency. Currency futures were developed in response to the substantial volatility of currency trading rates that occurred following the 1971 shift from fixed to flexible currency exchange rates.
References in periodicals archive ?
As part of DGCX's ongoing awareness and educational programme to promote on-exchange, currency futures trading, the exchange will be supporting and speaking at the Middle East Online Trading Summit to be held at Jumeirah Emirates Towers on November 9 and 10.
The Merc looks forward to adding the ruble to our lineup of exchange-traded currency futures and options so that banks, institutions and individual investors worldwide can better manage the foreign exchange risk their Russian investments may pose.
All foreign exchange derivatives such as currency futures / swaps / options and second-generation forward contracts are explained.
Consistent with recent trends, DGCX currency futures were the mainstay of trading activity in February accounting for 82 per cent of total volumes.
DGCX is the only futures exchange outside the US and Europe to offer the world's six most liquid currency futures pairs.
oThe volume growth in February demonstrates sustained momentum and interest in DGCX commodity and currency futures markets.
Said CME president Bill Brodsky: "The Merc's Brazilian real is our first currency futures contract to be cash settled, providing greater flexibility to a wide spectrum of financial institutions and individuals who want to participate in the market of Latin America's largest economy.
Gold and WTI crude oil futures recorded volume of 73,458 and 21,211 contracts in November, whilst total currency futures volume was 89,695 contracts in the same month, led by Euro/Dollar and Sterling/Dollar at 47,337 and 24,743 contracts respectively.
As a result, the CME last month filed with the Commodity Futures Trading Commission (CFTC) to reintroduce currency futures and options products based on the Mexican peso.
DGCX currency futures continued to be the mainstay of growth accounting for approximately 70 per cent of total monthly volumes.