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E-Micro Forex Futures

What is 'E-Micro Forex Futures'

Currency futures contracts traded on CME Globex that are one-tenth the size of standard Forex futures. Currency futures are exchange-traded futures contracts that have currency exchange rates as the underlying commodity. There are standard and E-micro contracts to suit a variety of traders' needs, accounts and risk tolerances.

Explaining 'E-Micro Forex Futures'

The E-micro Forex futures contracts are offered exclusively by the CME Group and traded on CME Globex, an electronic futures trading platform. Unlike Forex, the currency futures market is regulated as a futures market and therefore has centralized pricing and clearing. Available E-micro Forex futures contracts include:


·EUR/USD - euro/US dollar
·USD/JPY - US dollar/Japanese yen
·GBP/USD - British pound/US dollar
·USD/CAD - US dollar/Canadian dollar
·AUD/USD - Australian dollar/US dollar
·USD/CHF - US dollar/Swiss franc


Further Reading


Offshore activities and financial vs operational hedging
www.sciencedirect.com [PDF]
… Volume 125, Issue 2, August 2017, Pages 217-244. Journal of Financial Economics. Offshore activities and financial vs operational hedging☆ … 8 Other studies focus on measuring the extent of currency risk exposure, and then assess the effectiveness of FX hedging …

Currency futures: An alternative to the opaque otc marketCurrency futures: An alternative to the opaque otc market
www.indianjournals.com [PDF]
… Volume 125, Issue 2, August 2017, Pages 217-244. Journal of Financial Economics. Offshore activities and financial vs operational hedging☆ … 8 Other studies focus on measuring the extent of currency risk exposure, and then assess the effectiveness of FX hedging …

Foreign Currency DerivativesForeign Currency Derivatives
link.springer.com [PDF]
… Volume 125, Issue 2, August 2017, Pages 217-244. Journal of Financial Economics. Offshore activities and financial vs operational hedging☆ … 8 Other studies focus on measuring the extent of currency risk exposure, and then assess the effectiveness of FX hedging …

Strategy, complexity, and economic rentStrategy, complexity, and economic rent
pubsonline.informs.org [PDF]
… Volume 125, Issue 2, August 2017, Pages 217-244. Journal of Financial Economics. Offshore activities and financial vs operational hedging☆ … 8 Other studies focus on measuring the extent of currency risk exposure, and then assess the effectiveness of FX hedging …

Examining the Causes and Potential Policy Responses to Emerging Market Currency ContagionExamining the Causes and Potential Policy Responses to Emerging Market Currency Contagion
joi.pm-research.com [PDF]
… Volume 125, Issue 2, August 2017, Pages 217-244. Journal of Financial Economics. Offshore activities and financial vs operational hedging☆ … 8 Other studies focus on measuring the extent of currency risk exposure, and then assess the effectiveness of FX hedging …

Exposure to FX Rate Risk-A Qualitative Analysis of German Fair Trade ImportersExposure to FX Rate Risk-A Qualitative Analysis of German Fair Trade Importers
lup.lub.lu.se [PDF]
… Volume 125, Issue 2, August 2017, Pages 217-244. Journal of Financial Economics. Offshore activities and financial vs operational hedging☆ … 8 Other studies focus on measuring the extent of currency risk exposure, and then assess the effectiveness of FX hedging …

Two Waves of Globalization in the Istanbul Stock Exchange since 1985 and the Evolution of the Domestic Retail InvestorTwo Waves of Globalization in the Istanbul Stock Exchange since 1985 and the Evolution of the Domestic Retail Investor
journals.sagepub.com [PDF]
… Volume 125, Issue 2, August 2017, Pages 217-244. Journal of Financial Economics. Offshore activities and financial vs operational hedging☆ … 8 Other studies focus on measuring the extent of currency risk exposure, and then assess the effectiveness of FX hedging …



Q&A About E-Micro Forex Futures


What are standard and E-micro contracts?

Standard contracts are larger than E-micro contracts.

How do you trade E-micro Forex futures contracts?

You trade them through CME Globex.

Which currencies can be traded on CME Globex?

EURUSD, USDJPY, GBPUSD, USDCAD, AUDUSD, and USDCHF can be traded on CME Globex.

What is the underlying commodity of a currency futures contract?

The underlying commodity of a currency futures contract is an exchange rate.