currency futures trading
currency futures trading began on formed in December 1971 the International Money Market - IMM (International Monetary Market), at the CME. This became possible due to the abolition of the Bretton-woods agreement on fixed exchange rates and revolutionary innovations Leo Милэмеда, Chairman of CME at the time. Half a year the question «утрясали» and 16 of may, 1972, IMM presented seven of futures contracts for currency: British pound, canadian dollar, German mark, French franc, Japanese yen, Mexican peso and the Swiss franc.
A newly created financial futures on currency constituted a new unprecedented potential to meet the needs of risk management of financial managers.
At the present time Mercantile exchange CME offers the most regulated foreign exchange market in the world, and the second largest in the e-market Forex. On the exchange traded 49 futures contracts and 32 of the option contract, based on the 20 global currencies, including the world's major currencies and the currencies of emerging markets. The trade is conducted almost exclusively in an electronic platform Globex2, trade voice practically does not exist.
Daily liquidity is more than 100 billion dollars. This is less than on the over-the-counter interbank market Forex. But currency futures trading has a number of indisputable advantages:
centralized clearing and guarantee of the counterparty in the transaction;
transparent pricing and complete anonymity;
electronic access around the world, at any time, six days a week.
A beginner trader to trade currency futures can be through the terminal Broco Trader, and are available the next two contract on all currencies.
Formally, there are still a currency futures contract, traded on a stock exchange ICE, but the speculative value of them has only a futures contract on the dollar.
