The NZD futures market is based upon the US Dollar to New Zealand Dollar exchange rate, and is traded at the CME (CME Group) in the US. The NZD futures market is traded on the Globex electronic trading system 24 hours per day from 5:00 PM Sunday to 4:00 PM Friday Central Time. The NZD futures market is priced in US Dollars, meaning that the price shown is the amount of US Dollars that are exchanged for one New Zealand Dollar.
Contract Specifications
The full contract specifications for the NZD futures market are as follows :
- Symbol (IB / Sierra Chart Format) : NZD
- Expiration date (as of April 2009) : June 15th 2009
- Exchange : GLOBEX
- Currency : USD
- Multiplier / Contract value : $100,000
- Tick size / Minimum price change : 0.0001
- Tick value / Minimum price value : $10
Holidays
In 2009, the NZD futures market is open for trading every trading day (Monday to Friday), except for the following holidays, when the opening and closing times are modified :
- January 1st
- January 16th
- January 19th
- February 13th
- February 16th
- April 9th
- April 10th
- May 22nd
- May 25th
- July 3rd
- September 4th
- September 7th
- October 9th
- November 26th
- December 24th
- December 25th
Exchange Web Site
The CME Group web site is available at http://www.cmegroup.com/, and provides additional information about the exchange, its trading system, and the NZD futures market.
