FOREX Contract Specifications

Table below is a list of currencies traded through IMM at the Chicago Mercantile Exchange and their contract specifications.

[caption id="attachment_12950" align="alignleft" width="370"]Currency Contract Specifications Currency Contract Specifications[/caption]

Size represents one contract requirement, although some brokers offer mini-contracts, usually one-tenth the size of the standard contract.

Months identify the month of contract delivery. The tick symbols H, M, U, and Z are abbreviations for March, June, September, and December, respectively. Hours indicate the local trading hours in Chicago. The minimum fluctuation represents the smallest monetary unit that is registered as one pip in price movement at the exchange and is usually one ten-thousandth of the base currency.

By Michael Duane Archer
Michael Duane Archer has been an active futures and FOREX trader for more than 35 years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. He currently trades FOREX and futures and is involved in several technical analysis research projects.

Copyrighted 2016. Content published with author's permission.

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