The Chicago mercantile exchange o Expiry cycle: March, June, September, December o Delivery date 3rd Wednesday of delivery month o Last trading day is the second business day preceding the delivery day CMe hours 7: 20 a. m. to 2: 00 p. m. CSt Irwin/McGraw-Hill 9-<# Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rights
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. The Chicago Mercantile Exchange ⚫ Expiry cycle: March, June, September, December. ⚫ Delivery date 3rd Wednesday of delivery month. ⚫ Last trading day is the second business day preceding the delivery day. ⚫ CME hours 7:20 a.m. to 2:00 p.m. CST
CME After Hours e Extended-hours trading on globex runs from 2: 30 p. m. to 4: 00 p. m dinner break and then back at it from 6: 00 p. m. to 6: 00 a. m CSt o Singapore International Monetary Exchange (SIMEX) offer interchangeable contracts o There's other markets but none are close to cme and simex trading volume Irwin/McGraw-Hill 9-<# Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rights
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. CME After Hours ⚫ Extended-hours trading on GLOBEX runs from 2:30 p.m. to 4:00 p.m dinner break and then back at it from 6:00 p.m. to 6:00 a.m. CST. ⚫ Singapore International Monetary Exchange (SIMEX) offer interchangeable contracts. ⚫ There’s other markets, but none are close to CME and SIMEX trading volume
Basic currency Futures Relationships o Open Interest refers to the number of contracts outstanding for a particular delivery month Open interest is a good proxy for demand for a contract Some refer to open interest as the depth of the market The breadth of the market would be how many different contracts(expiry month, currency) are outstanding Irwin/McGraw-Hill 9-<# Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rights
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. Basic Currency Futures Relationships ⚫ Open Interest refers to the number of contracts outstanding for a particular delivery month. ⚫ Open interest is a good proxy for demand for a contract. ⚫ Some refer to open interest as the depth of the market. The breadth of the market would be how many different contracts (expiry month, currency) are outstanding
Reading a Futures Quote Open Hi Lo Settle Change Lifetime Lifetime Open High Interest Sept9282)9325)9276)9309+002712085.8636X74,639 Highest and lowest Daily Change prices over the Closing price lifetime of the Lowest price that day contract Highest price that day pening price Expiry month Number of open contracts Irwin/McGraw-Hill Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rights
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. Reading a Futures Quote Open Hi Lo Settle Change Lifetime High Lifetime Low Open Interest Sept .9282 .9325 .9276 .9309 +.0027 1.2085 .8636 74,639 Expiry month Opening price Highest price that day Lowest price that day Closing price Daily Change Highest and lowest prices over the lifetime of the contract. Number of open contracts
Eurodollar interest rate Futures Contracts Widely used futures contract for hedging short term u.s. dollar interest rate risk The underlying asset is a hypothetical $1,000,000 90-day eurodollar deposit-the contract is cash settled o Traded on the Cme and the singapore International monetary exchange o The contract trades in the march, June. September and december cycle Irwin/McGraw-Hill 9-<# Copyright o 2001 by The McGraw-Hill Commpanies, Inc. All rights
Irwin/McGraw-Hill Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. Eurodollar Interest Rate Futures Contracts ⚫ Widely used futures contract for hedging shortterm U.S. dollar interest rate risk. ⚫ The underlying asset is a hypothetical $1,000,000 90-day Eurodollar deposit—the contract is cash settled. ⚫ Traded on the CME and the Singapore International Monetary Exchange. ⚫ The contract trades in the March, June, September and December cycle