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
Foreign currency considerations in tax law and policy
Foreign currency futures contracts were initiated in Chicago in 1972.
Who patrols the money? The regulation of off-exchange foreign currency options: Dunn v. Commodity Futures Trading Commission
Customers, primarily New York brokers, phone him with orders for foreign currency futures contracts or options.
You're a what? Futures executioner
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.) Therefore the size of the Sterling option contract is BP31,250 and the others are: DM62,500, C$50,000, Yen6,250,000, SF62,500, FF125,000, ECU62,500 and A$50,000.
Currency options: from inception to present

Financial browser ?
Full browser ?