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CME Australian Dollar Futures

CME® Australian dollar futures and options on futures provide investment managers, financial institutions, corporations and private investors a way to manage the risks associated with currency rate fluctuation and to take advantage of profit opportunities stemming from changes in currency rates.

CME Australian dollar futures contracts began trading in 1987 and options on futures contracts in 1988. Currently CME offers markets for trading Australian dollars futures and options on futures on CME Globex® as well as on its trading floor. Australian dollar futures and options on futures contracts are designed to reflect changes in the U.S. dollar value of the Australian dollar.

The Australian dollar was introduced in 1966, replacing the Australian pound. At that time, the value of the Australia’s national currency was managed in accord with the Bretton Woods gold standard, but in practice the U.S. dollar was used as a value measure. Today the value of the Australian dollar is managed with almost exclusive reference to domestic measures of value, such as the Consumer Price Index.

Futures contracts are quoted in U.S. dollars per Australian dollar, and call for physical delivery at expiration. Physical delivery takes place on the third Wednesday of the contract month, in the country of issuance at a bank designated by the CME Clearing House. Exercised options contracts are settled by the delivery of futures contracts.

The contract’s size is 100,000 Australian dollars per contract. Trading occurs in $.0001 per Australian dollar increments, or $10.00 per contract. Australian dollar futures trading may also occur in $.00005 per Australian dollar contract increments, equaling $5.00 per contract.

Australian dollar FX futures trade six months in the March quarterly cycle, Mar, Jun, Sep, Dec.; and also trade contracts in CME Australian dollar/Canadian dollar, CME Australian dollar/Japanese yen, CME Australian dollar/New Zealand dollar as well as CME Euro FX/Australian dollar as part of cross rate currency futures. Options on futures contracts trade four months in the March quarterly cycle, two months not in the March cycle (serial months), plus four weekly expiration options.

CME Australian Dollar Futures

Trade Unit

100,000 Australian dollars

 

Point Descriptions

1 point = $.0001 per Australian dollar = $10.00 per contract

 

Contract Listing

Six months in the March Quarterly Cycle. Mar, Jun, Sep, Dec. See notes +++, **

 

Strike Price Interval

N/A

 

Product Code

Clearing=AD
Ticker=AD
GLOBEX=6A
AON=LA
(50 Threshold)&

 

Trading Venue: Floor

Hours

7:20 a.m.-2:00 p.m. LTD(9:16 a.m.)^

 

Listed

All listed series

 

Strike

N/A

 

Limits

No limits

 

Minimum Fluctuation

Regular

0.0001=$10.00

 

Calendar Spread

0.00005=$5.00

 

All or None

0.00005=$5.00

 

Trading Venue: CME® Globex®

Hours

Mon/Thur 5:00 p.m.-4:00 p.m. Sun & Hol 3:00 p.m.-4:00 p.m.

 

Listed

All listed series plus 3 calendar spreads.

 

Strike

N/A

 

Limits

No limits

 

Minimum Fluctuation

Regular

0.0001=$10.00

 

Calendar Spread

0.00005=$5.00

 

 

ProActive Futures 255 Executive Dr, Suite 410, Plainview, NY 11803 Phone: 1-877-393-5916 More Info

Privacy Policy Statement / Legal Disclaimer

The risk of loss in trading futures and options can be substantial. Futures and options trading may not be suitable for everyone.
Therefore, you should carefully consider the risks in light of your financial condition in deciding whether to trade.
You may sustain a total loss of the initial margin funds and additional funds that you deposit with your brokers to
establish or maintain a position in the commodity futures market.