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Currency Futures

  #6 (permalink)

NY, NY
 
Trading Experience: None
Platform: T4, NinjaTrader
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patbateman's Avatar
 
Posts: 235 since Mar 2012
Thanks: 113 given, 197 received


Fat Tails View Post
If you convert the contracts with today's exchange rate you will find

62,500 GBP = 101,425 $
125,000 EUR = 162,225 $
100,000 CAD = 102,432 $
100,000 AUD = 104,480 $

This shows that the 6E contract is oversized, if you compare them to the other contracts, which come all very close to a nominal value of 100,000 $.

As you may expect this has historical reasons. The Euro has gradually been gaining strength against the US dollar over the last decade, which has increased its value. The Aussie has gained even more, but probably the contract size to start with was smaller than today.

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Quick correction, everything in bold should be 6B, 6E, 6C and 6A to be clear great work fattails!

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