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 2011, 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 to 3rd
- January 14th to 18th
- February 18th to 22nd
- April 21st to 24th
- May 27th to 31st
- July 1st to 5th
- September 2nd to 6th
- October 7th to 10th
- November 10th and 11th
- November 23rd to 25th
- December 23rd to 27th
- December 3th and 31st
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.
