US Dollar Russian Ruble Futures

 

The forex futures market is a derivative of the world’s largest financial market, the forex market. Although this forex derivative makes up only one one-hundredth of the total forex market daily trading volume of US$1 trillion, it is considered one of the best forex trading methods amongst traders. Like traditional futures contracts, forex futures contracts are simply the buying or selling of a specific currency at a set price, time, contract size and location. These publically traded contracts are traded on a number of futures exchanges around the world, the most popular being the Chicago Mercantile Exchange. 

 

Forex Futures Contracts

Forex futures exchanges standardize each contract, allowing them to have their own unique characteristics. For example, CAD/USD futures have a contract size of CAD $100,000, while the CHF/USD contract size 125,000 Swiss francs.

 

Advantages of trading Forex Futures

Low Spreads

Compared to spot contracts, forex futures spreads are significantly lower. This allows traders with limited funds to more conveniently invest in forex futures

 

Transaction Cost

The forex futures transaction cost is basically the fee charged by exchanges for buying/selling a contract. Forex futures transaction costs is also considerably lower, allowing for a more lucrative trading experience.

 

Higher Leverage

The relatively high forex futures leverage will give a potential significant boost to the trader’s return on investment.

 

How to trade forex futures successfully is largely dependent on the trader’s awareness of updated economic news effecting the forex market, as well a through understanding of fundamental and technical analysis. PCM International is honored to hold the title of “the best future and forex broker” by many of its customers. This title has been earned because PCM International provides traders with all the resources needed to trade forex and futures contracts. How to trade forex futures successfully is largely dependent on the trader’s awareness of updated economic news effecting the forex market, as well a through understanding of fundamental and technical analysis. One of the resources mentioned above, by PCM International, is the “Economic News” page that provides traders with news that may affect their current/future trades.

Visit our “Economic News” section at: http://fxpcm.com/en/forex/economic-newsUS Dollar Russian Ruble Futures

Symbol

Underlying

Contract Size

Trading Currency

Settlement Currency

Price Quote

Minimum Tick Size

Tick Value

Trading Days

Trading Hours

Trading Months

Last Trading Day

New Contract Listing

Daily Variation Margin (VM) payment

Final VM payment

Final Cash Settlement Price Basis

Settlement basis

Wholesale Trades

Daily Price Movement Limit

Maximum Order Size

Initial Margin based on SPAN

Indicative VM

Calendar Spread Benefit

Extra Margin

Delivery Period Margin

Spot rate

DUSDRUB

US Dollar

USD 50,000

Russian Ruble (RUB)

US Dollars (USD)

RUB for 1 USD (e.g. RUB 49.001 / 49.002 Per 1 USD)

0.001 RUB

50 RUB

Monday through Friday

DGCX Trading Hours

Quarterly Contracts December, March, June, September, at the outset first three Contracts shall be available for trading.

15th day of the expiry month, except where that day is a bank holiday in either Dubai or Moscow, in which case the Last Day of Trading shall be the following Business Day that is not a bank holiday in either Dubai or Moscow.

Business Day immediately following the Last Day of Trading

From Trading Currency to Settlement Currency Based on Spot Prices available for USD/RUB at the end of DGCX Trading Hours

From Trading Currency to Settlement Currency Based on the USD-RUB fixing issued by Moscow Exchange (MOEX) on the last trading day

Based on the USD-RUB fixing issued by MOEX on the last trading day

Cash

EFS, EFP, Block trade facilities available

No price limit (for the avoidance of ‘fat finger’ errors price band shall be 1.00 RUB from previous settlement price e.g. if previous settlement price is RUB 49.001/US$ then the price band is from 48.001 to 50.001)

500 lots for Banks and Institutions promoted by Banks All other entities 200 lots

The Initial Margin will be denominated in RUB and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/RUB to display Initial Margin Utilization in USD terms. At the outset, Initial Margin shall be RUB 120,000 subject to change.

Indicative VM on EOS-Clear will be displayed in USD as per the prevalent spot market rate for USD/RUB DCCC shall update the spot rates for USD/RUB intraday for at least 3 times at 0600 hrs, 1500 hrs and End of DGCX Trading Hours

100% Calendar Spread benefit

At times of high volatility, an extra margin, as deemed fit by the DCCC, may be charged

Not applicable

Shall be taken from available market data sources like Bloomberg and Reuters.