- Trading Screen Product Name
- BRL/USD
- Trading Screen Hub Name
- NYCC
- Contract Series
Monthly for all twelve calendar months for sixty calendar months
(maturity range out five years) A new contract month is listed for
trading on the business day following the last trading day of the
expiring month contract. (On the launch date of Jan 28, 2013,
listed contract months will be from the March 2013 to the February
2018 expiration.)
- Trading Hours
Electronic trading on Sunday from 6:00 PM to 5:00 PM ET on Monday;
Monday - Friday: 8:00 PM to 5:00 PM ET, except on Friday, when
trading closes at 5:00 PM ET and reopens at 6:00 PM ET Sunday
- Commodity Code
KBX
- Contract Size
100,000 Brazilian Reais
- Price Quotation
U.S. dollars per real to five decimal places
- Minimum Price Fluctuation
$.00005 per real/$5.00 per contract
- Last Trading Day
The last trading day is the last business day of the prior calendar
month. Trading in the expiring contract month ends at 10:15 AM ET
on last trading day.
- Final Settlement
The final settlement value is the final, end-of-month "commercial
exchange rate for the Brazilian real per U.S. dollar for cash
delivery" (PTAX rate) published by the Central Bank of Brazil on
the last trading day for the expiring contract.
- Settlement Method
Cash-settled
- Block Trade Minimum
Information about Block Trades, including the Minimum Quantity, can
be found
here.
- Position Limit
Spot month: 24,000 contracts (in effect for the last 5 trading
days); all other months, a position accountability level of 40,000
futures contracts across all contract months
- Trade at Settlement (TAS)
- MIC Code
- IFUS
- Clearing Venues
- ICUS