Currency Futures
a.k.a. FX futures
Standardised exchange-traded contracts to buy or sell a currency at a set price on a set future date.
In plain English
Standardised exchange-traded contracts to buy or sell a currency at a set price on a set future date.
Currency futures trade on exchanges such as the CME, with fixed contract sizes and expiry dates. A clearing house stands between buyers and sellers and collects margin every day.
They are the exchange-traded cousin of forwards. Their positioning data feeds the COT report.
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