Micro Canadian Dollar Futures Contract
At 1/10th the size of the Canadian Dollar futures contract, investors can trade the micro contract with a lower margin requirement. As the sixth-most widely held reserve currency, the Canadian dollar, popularly called the loonie, is one of the most widely traded currencies in the foreign exchange (forex) market. The Bank of Canada is known for its lack of intervention in the currency markets which, when coupled with Canada’s fiscal discipline and high interest rates, give the loonie a relative stability that is rare.
Contract Unit
10,000 Canadian dollars
Futures Contract
Symbol
CME Globex: MCD
Trading Hours
CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).
Minimum Price
Fluctuation
0.0001 USD per CAD tick = $1.00
Contract Months
Quarterly: March, June, September & December
Settlement Method
Deliverable
Price Limit / Circuit
Source: CME Group
The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.
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