With a daily trading volume of over USD 5 trillion, the international foreign exchange or forex market is the largest market in the world. With just under a third of the total volume, the euro against the US dollar (EUR/USD) is by far the most frequently traded currency pair. In addition to the direct trading or exchange of currencies, active traders often also use currencyFuturesin particular to trade with leverage in the short to medium term. Euro futures traded on the CME (also known as Euro FX futures) are suitable for this purpose, for which options can also be traded. In addition, traders with smaller accounts can use micro-contracts, whose contract size is one tenth of the regular contracts.
Contract specifications
| Designation | Euro FX Futures |
| Abbreviation | EUR |
| Contract size | EUR 125 000 |
| Price quote | USD per EUR |
| Tick size | 0.00005 USD |
| Tick value | 6.25 USD |
| Daily price limit | none |
| Stock Exchange | CME |
| Trading hours (DE) | 0 o'clock - 23 o'clock |
| Contract months | Mar (H), Jun (M), Sep (U), Dec (Z) for the next 20 quarters, + 3 monthly successive contracts |
The Euro FX Futures can be found in the Trader Workstation by typing the symbol "EUR" into a line and then clicking on "Futures" under "European Monetary Union Euro - IDEALPRO".
Options on the Euro Future
Options on euro futures can be found in the Options Trader of the Trader Workstation by entering the symbol "EUR" and selecting the underlying as described above.
Micro EUR/USD Futures (M6E)
With Micro Futures, even traders with smaller accounts have the opportunity to trade real futures contracts. With the symbol "M6E" you can find the Micro EUR/USD Future. The contract size is 12,500 euros, compared to 125,000 euros for the large futures contract.
A movement of the currency pair EUR/USD of e.g. 50 pips would therefore cause a profit or loss of 62.50 USD (0.0050 x 12 500 = 62.50 USD).