What are CME Group futures?
CME Group Inc. The company offers futures contracts and options on futures using its CME Globex trading platforms, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates a central counterparty clearing provider, CME Clearing.
What currency future contract are being traded in the CME?
Basics of Currency Futures Each Euro FX future on the Chicago Mercantile Exchange (CME) is 125,000 euros, which is why the buyer would need to buy this much. On the flip side, the seller of the contract would need to deliver the euros and would receive U.S. dollars.
What is the US Dollar Index futures?
As part of the financial sector of commodities futures, U.S. dollar index futures are a measure of the value of the U.S. dollar relative to majority of its most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies.
What is DXY Ifus?
US Dollar Index® Futures The ICE U.S. Dollar Index (USDX) futures contract is a leading benchmark for the international value of the US dollar and the world’s most widely-recognized traded currency index. US Dollar Index futures are traded for 21 hours a day on the ICE platform.
What time does CME futures open?
Trading Hours CME ClearPort: 6:00 p.m. Sunday to 6:45 p.m. Friday ET (5:00 p.m. – 5:45 p.m. CT) with a 15-minute maintenance window between 6:45 p.m. – 7:00 p.m. ET (5:45 p.m. – 6:00 p.m. CT) Monday – Thursday.
Is CME regulated?
CME, CBOT, NYMEX and COMEX are separate CFTC-registered and regulated Designated Contract Markets (DCMs) with self-regulatory responsibilities. …
When should you buy currency futures?
If a trader expects a currency to appreciate against another, they can buy FX futures contracts to try to gain from the shifting exchange rate. These contracts can also be useful for speculators because the initial margin that is held will generally be a fraction of the size of the contract.
What is the difference between currency futures and forwards?
A forward contract is a private and customizable agreement that settles at the end of the agreement and is traded over-the-counter. A futures contract has standardized terms and is traded on an exchange, where prices are settled on a daily basis until the end of the contract.
How do you read the dollar index?
Interpreting and Trading U.S. Dollar Index (USDX) An index value of 120 suggests that the U.S. dollar has appreciated 20% versus the basket of currencies over the time period in question. Simply put, if the USDX goes up, that means the U.S. dollar is gaining strength or value when compared to the other currencies.
How do you trade the dollar index?
You can trade two ETFs that track the dollar itself. The first is UUP which will move the same direction as the dollar. If the dollar rises then UUP will also rise in value. If uncertainty were to increase or some unforeseen global crisis appears in 2010, this ETF could be a good bet.
What is USDX Crypto?
About USDX USDX is a designed to be a stablecoin, pegged to the US dollar in a 1: 1 ratio. It is said to be backed by the core cryptocurrency of USDX Wallet, LHT. USDX Wallet describes itself as a secure blockchain wallet with stable crypto and zero fees.