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NFX World Currency Futures Product Specifications
Australian Dollar | Brazilian Real |British Pound | Canadian Dollar | Chinese Yuan| Colombian Peso |Euro
Japanese Yen | Korean Won|
Mexican Peso |Norwegian Krone| New Zealand Dollar
Russian Ruble| South African Rand |Swiss Franc | Swedish Krona |Turkish Lira
Japanese Yen | Korean Won| Mexican Peso |Norwegian Krone| New Zealand Dollar
Russian Ruble| South African Rand |Swiss Franc | Swedish Krona |Turkish Lira
Australian Dollar
Description: U.S. dollar-settled Australian dollar currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Australian dollar).
Contract Size: 10,000 Australian dollars
Ticker Symbol: Base = AD9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 p.m., Eastern Time PHLX modified spot Australian dollars (PHLX spot Australian dollars (XDA)) / 100.
Last Trading Day: The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of currency futures contracts will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which The Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price: The Final Settlement Price for the foreign currency futures contracts shall be the spot rate at 12:00:00 Eastern Time (noon) on the Last trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Contract Point Value: $100 (i.e., .01 x 10,000)
| Margin Levels: | Initial Margin | Maintenance |
|---|---|---|
| Speculative | $135 | $135 |
| Hedge | $135 | $135 |
| Calendar Spread Margin | $4 | $4 |
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Brazilian Real
Description: U.S. dollar-settled Brazilian Real World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Brazilian Real).
Contract Size: 10,000 Brazilian Reals
Ticker Symbol: Base = BR9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST Brazilian Real PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Brazilian Real PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Brazilian Real World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST Brazilian Real PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( Brazilian Real PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:Pursuant to NFX Rule E28(a), no Person shall own or control, separately or in combination, a net long position or a net short position in a Brazilian Real futures contract in excess of 240,000 contracts in a single month or 400,000 in all months combined.
Contract Point Value: $100 (i.e., .01 x 10,000)
Issuer and Guarantor: The Options Clearing Corporation (OCC)
British Pound
Description: U.S. dollar-settled British pound currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (British pound).
Contract Size: 10,000 British pounds
Ticker Symbol: Base = BP9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daiily Settlement Price: Daily settlement price will be the 4:15 p.m., Eastern Time PHLX modified spot British pound (PHLX spot British pound (XDB)) / 100.
Last Trading Day: The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of currency futures contracts will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which The Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price: The Final Settlement Price for the foreign currency futures contracts shall be the spot rate at 12:00:00 Eastern Time (noon) on the Last trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
| Margin Levels: | Initial Margin | Maintenance |
|---|---|---|
| Speculative | $200 | $200 |
| Hedge | $200 | $200 |
| Calendar Spread Margin | $4 | $4 |
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Canadian Dollar
Description: U.S. dollar-settled Canadian dollar currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Canadian dollar).
Contract Size: 10,000 Canadian dollars
Ticker Symbol: Base = CA9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 p.m., Eastern Time PHLX modified spot Canadian (PHLX spot Canadian (XDC)) / 100.
Last Trading Day: The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of currency futures contracts will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which The Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price: The Final Settlement Price for the foreign currency futures contracts shall be the spot rate at 12:00:00 Eastern Time (noon) on the Last trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
| Margin Levels: | Initial Margin | Maintenance |
|---|---|---|
| Speculative | $115 | $115 |
| Hedge | $115 | $115 |
| Calendar Spread Margin | $4 | $4 |
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Chinese Yuan
Description: U.S. dollar-settled Chinese Yuan World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Chinese Yuan) but expressed for trading as the Chinese Yuan PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Chinese Yuan PHLX Exchange Spot Price / 100).
Contract Size: 100,000 Chinese Yuan
Ticker Symbol:Base = CY9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST Chinese Yuan PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Chinese Yuan PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Chinese Yuan World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST Chinese Yuan PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( Chinese Yuan PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:Pursuant to NFX Rule E28(a), no Person shall own or control, separately or in combination, a net long position or a net short position in a Chinese Yuan futures contract in excess of 20,000 contracts in the expiration month. A person owning or controlling more than 60,000 contracts net long or net short in all contract maturities combined shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information, if applicable.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Colombian Peso
Description:U.S. dollar-settled Colombian Peso Currency futures are quoted in terms of U.S. dollars per 10,000,000 units of the underlying currency (Colombian Peso).
Contract Size: 10,000,000 Colombian Pesos
Ticker Symbol: Base = CP9
Contract Listings: Six consecutive months.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XL
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: 1 = $1.00
Daily Settlement Price: Daily settlement price will be the average of the best bid and the best offer or, if there is no bid or no offer, the Exchange will establish the Daily Settlement Price.
Last Trading Day: The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Colombian Peso Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price: The Final Settlement Price for the foreign currency futures contracts shall be the reciprocal of the “Tasa Representativa del Mercado”, or the official Market Exchange Rate in Colombia on the Last Trading Day multiplied by 10,000,000 and rounded to the nearest $1.00 unless the Exchange determines to apply an alternative Final Settlement Price as a result of extraordinary circumstances.
Large Trader Reporting Level: 100 Contracts
Block Trade Threshold: 100 Contracts
| Margin Levels: | Initial Margin | Maintenance |
|---|---|---|
| Speculative | $352 | $320 |
| Hedge | $352 | $320 |
| Calendar Spread Margin | $25 | $25 |
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Euro
Description: U.S. dollar-settled Euro currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Euro).
Contract Size: 10,000 Euros
Ticker Symbol: Base = EU9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 p.m., Eastern Time PHLX modified spot Euro (PHLX spot Euro (XDE)) / 100.
Last Trading Day: The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of currency futures contracts will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which The Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price: The Final Settlement Price for the foreign currency futures contracts shall be the spot rate at 12:00:00 Eastern Time (noon) on the Last trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
| Margin Levels: | Initial Margin | Maintenance |
|---|---|---|
| Speculative | $136 | $136 |
| Hedge | $115 | $115 |
| Calendar Spread Margin | $2 | $2 |
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Japanese Yen
Description: U.S. dollar-settled Japanese yen currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Japanese yen).
Contract Size: 1,000,000 Japanese Yen
Ticker Symbol: Base = JY9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .(00)0001 = $1.00
Note: first two zeros are omitted.
Daiily Settlement Price: Daily settlement price will be the 4:15 p.m., Eastern Time PHLX modified spot Japanese yen (PHLX spot Japanese yen (XDN)) / 100.
Last Trading Day: The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of currency futures contracts will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 1,000,000.
Final Settlement Date: The first day on which The Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price: The Final Settlement Price for the foreign currency futures contracts shall be the spot rate at 12:00:00 Eastern Time (noon) on the Last trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
| Margin Levels: | Initial Margin | Maintenance |
|---|---|---|
| Speculative | $162 | $162 |
| Hedge | $162 | $162 |
| Calendar Spread Margin | $4 | $4 |
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Korean Won
Description:U.S. dollar-settled Korean Won World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Korean Won) but expressed for trading as the Korean Won PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Korean Won PHLX Exchange Spot Price / 100).
Contract Size: 10,000,000 Korean Won
Ticker Symbol:Base = KW9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .(000)0001 = $1.00 (first three zeros are omitted)
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST Korean Won PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Korean Won PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Korean Won World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST Korean Won PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( Korean Won PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:Pursuant to NFX Rule E28(a), no Person shall own or control, separately or in combination, a net long position or a net short position in a Korean Won futures contract in excess of 25,000 contracts in the expiration month. A person owning or controlling more than 75,000 contracts net long or net short in all contract maturities combined shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information, if applicable.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Mexican Peso
Description: U.S. dollar-settled Mexican Peso World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Mexican Peso) but expressed for trading as the Mexican Peso PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Mexican Peso PHLX Exchange Spot Price / 100).
Contract Size: 100,000 Mexican Pesos
Ticker Symbol:Base = MP9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST Mexican Peso PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Mexican Peso PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Mexican Peso World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST Mexican Peso PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( Mexican Peso PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:Pursuant to NFX Rule E28(a), no Person shall own or control, separately or in combination, a net long position or a net short position in a Mexican Peso futures contract in excess of 100,000 contracts in the expiration month. A person owning or controlling more than 30,000 contracts net long or net short in all contract maturities combined shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information, if applicable.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
New Zealand Dollar
Description: U.S. dollar-settled New Zealand Dollar World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (New Zealand Dollar).
Contract Size: 10,000 New Zealand Dollars
Ticker Symbol: Base = NZ9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST New Zealand Dollar PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (New Zealand Dollar PHLX Exchange Spot Price / 100).
Last Trading Day:The The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the New Zealand Dollar World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST New Zealand Dollar PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( New Zealand Dollar PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:A person owning or controlling more than 60,000 contracts net long or net short in all contract maturities combined shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information, if applicable.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Norwegian Krone
Description:U.S. dollar-settled Norwegian Krone World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Norwegian Krone) but expressed for trading as the Norwegian Krone PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Norwegian Krone PHLX Exchange Spot Price / 100).
Contract Size: 100,000 Norwegian Krone
Ticker Symbol:Base = NK9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST Norwegian Krone PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Norwegian Krone PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Norwegian Krone World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST Norwegian Krone PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( Norwegian Krone PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:A person owning or controlling more than 120,000 contracts net long or net short in all contract maturities combined shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information, if applicable.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Russian Ruble
Description:U.S. dollar-settled Russian Ruble World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Russian Ruble) but expressed for trading as the Russian Ruble PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Russian Ruble PHLX Exchange Spot Price / 100).
Contract Size: 1,000,000 Russian Rubles
Ticker Symbol:Base = RR9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .(00)0001 = $1.00 (first two zeros are omitted)
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST Russian Ruble PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Russian Ruble PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Russian Ruble World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST Russian Ruble PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( Russian Ruble PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:Pursuant to NFX Rule E28(a), no Person shall own or control, separately or in combination, a net long position or a net short position in a Russian Ruble futures contract in excess of 5000 contracts in the expiration month or 25,000 in all months combined.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
South African Rand
Description:U.S. dollar-settled South African Rand World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (South African Rand) but expressed for trading as the South African Rand PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (South African Rand PHLX Exchange Spot Price / 100).
Contract Size: 100,000 South African Rand
Ticker Symbol:Base = SA9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST South African Rand PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (South African Rand PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the South African Rand World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST South African Rand PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( South African Rand PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:Pursuant to NFX Rule E28(a), no Person shall own or control, separately or in combination, a net long position or a net short position in a South African Rand futures contract in excess of 25,000 contracts in the expiration month. A person owning or controlling more than 30,000 contracts net long or net short in all contract maturities combined shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information, if applicable.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Swedish Krona
Description:U.S. dollar-settled Swedish Krona World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Swedish Krona) but expressed for trading as the Swedish Krona PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Swedish Krona PHLX Exchange Spot Price / 100).
Contract Size: 100,000 Swedish Krona
Ticker Symbol:Base = SK9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST South African Rand PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (South African Rand PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Swedish Krona World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST Swedish Krona PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( Swedish Krona PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:A person owning or controlling more than 120,000 contracts net long or net short in all contract maturities combined shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information, if applicable.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Swiss Franc
Description: U.S. dollar-settled Swiss franc currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Swiss franc).
Contract Size: 10,000 Swiss Franc
Ticker Symbol: Base = SF9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daiily Settlement Price: Daily settlement price will be the 4:15 p.m., Eastern Time PHLX modified spot Swiss franc (PHLX spot Swiss franc (XDS) / 100.
Last Trading Day: The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of currency futures contracts will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which The Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price: The Final Settlement Price for the foreign currency futures contracts shall be the spot rate at 12:00:00 Eastern Time (noon) on the Last trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
| Margin Levels: | Initial Margin | Maintenance |
|---|---|---|
| Speculative | $108 | $108 |
| Hedge | $108 | $108 |
| Calendar Spread Margin | $4 | $4 |
Issuer and Guarantor: The Options Clearing Corporation (OCC)
Turkish Lira
Description: U.S. dollar-settled Turkish Lira World Currency futures are quoted in terms of U.S. dollars per unit of the underlying currency (Turkish Lira).
Contract Size: 10,000 Turkish Liras
Ticker Symbol: Base = TL9
Contract Listings: Three months from the March, June, September and December cycle.
Trading Hours: 8:20 a.m. to 4:15 p.m., Eastern Time
Trading Platform: NFX XLSM
Minimum Price Intervals/ Dollar Value Per Tick:
Regular: .0001 = $1.00
Daily Settlement Price: Daily settlement price will be the 4:15 PM EST Turkish Lira PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 (Turkish Lira PHLX Exchange Spot Price / 100).
Last Trading Day:The third Friday of the expiration month, or if that day is not a business day, then on the prior business day.
Settlement: Cash settlement in USD. Settlement of the Turkish Lira World Currency Futures Contract will result in the delivery of a cash settlement on the Final Settlement Date. The cash settlement amount on the Final Settlement Date shall be the final mark to market amount against the final settlement price multiplied by 10,000.
Final Settlement Date: The first day on which the Options Clearing Corporation is open for settlement following the last day of trading.
Final Settlement Price:The final settlement price shall be the 12:00:00 PM EST Turkish Lira PHLX Exchange Spot Price divided by 100 and rounded to nearest .0001 ( Turkish Lira PHLX Exchange Spot Price / 100) on the Last Trading Day.
Large Trader Reporting Level: 400 Contracts
Block Trade Threshold: 100 Contracts
Position Limits/Accountability:Pursuant to NFX Rule E28(a), no Person shall own or control, separately or in combination, a net long position or a net short position in a Turkish Lira futures contract in excess of 60,000 contracts in the expiration month. A person owning or controlling more than 180,000 contracts net long or net short in all contract maturities combined shall provide, in a timely fashion, upon request by the Exchange, information regarding the nature of the position, trading strategy, and hedging information, if applicable.
Issuer and Guarantor: The Options Clearing Corporation (OCC)
NFX Contacts
- Marketing and Products
Daniel Carrigan
+ 1 215 496 5017 - NFX Operations Desk at +1 215 496 1571
- Communications and Production Problems
+ 1 215 496 5338
