Dollar Based Currency Pairs Brazilian Real/US Dollar18918562

Description

The Brazilian real is one of the most actively traded of the emerging market currencies.The ICE Futures U.S. cash-settled Brazilian real futures contract offers customers the ease of doing business in a regulated futures environment for execution and clearing. Exchange rules governing the trading of Brazilian real futures can be found in the ICE Futures U.S. Rulebook.

Market Specifications

Trading Screen Product Name
BRL/USD
Trading Screen Hub Name
NYCC
Contract Listing
Monthly for all twelve calendar months for sixty calendar months (maturity range out five years) A new contract month is listed for trading on the business day following the last trading day of the expiring month contract. (On the launch date of Jan 28, 2013, listed contract months will be from the March 2013 to the February 2018 expiration.)
Trading Hours
Electronic trading on Sunday from 6:00 PM to 5:00 PM ET on Monday; Monday - Friday: 8:00 PM to 5:00 PM ET, except on Friday, when trading closes at 5:00 PM ET and reopens at 6:00 PM ET Sunday
Contract Symbol
KBX
Contract Size
100,000 Brazilian Reais
Price Quotation
U.S. dollars per real to five decimal places
Minimum Price Movement
$.00005 per real/$5.00 per contract
Last Trading Day
The last trading day is the last business day of the prior calendar month. Trading in the expiring contract month ends at 10:15 AM ET on last trading day.
Final Settlement
The final settlement value is the final, end-of-month "commercial exchange rate for the Brazilian real per U.S. dollar for cash delivery" (PTAX rate) published by the Central Bank of Brazil on the last trading day for the expiring contract.
Settlement Method
Cash-settled
Block Trade Minimum
Information about Block Trades, including the Minimum Quantity, can be found here.
Position Limits
Spot month: 24,000 contracts (in effect for the last 5 trading days); all other months, a position accountability level of 40,000 futures contracts across all contract months
Trade at Settlement (TAS)
Real futures are eligible for TAS trading (For more information on TAS trading, see the ICE Futures U.S. TAS FAQ.
MIC Code
IFUS
Clearing Venues
ICUS
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Trading Hours

CityTradingPre-Open
New York8:00 PM - 5:00 PM*
20:00 - 17:00
7:30 PM
19:30
London1:00 AM - 10:00 PM*
01:00 - 22:00
12:30 AM
00:30
Singapore9:00 AM - 6:00 AM*
09:00 - 06:00
8:30 AM
08:30

*Next Day

**Sunday evening trading opens at 6:00 pm Eastern

Codes

Clearing Admin Name
FOREX
Physical
KBX
Logical
KBX
GMI(FC)
R&N A.C.N.