Beginning December 1, 2006, the New York Board of Trade® (NYBOT®), the world’s leading “soft” commodity exchange, will list for trading new small versions of its futures contracts on three existing currency pairs:
- Small Pound sterling – Japanese yen (small sterling-yen)
- Small New Zealand dollar – US dollar (small kiwi-dollar)
- Small Australian dollar – US dollar (small Aussie-dollar)
|
Minimum |
Minimum |
|
|
|
Currency |
Contract |
Price |
Tick |
|
|
Pair |
Size |
Fluctuation |
Value |
Settlement |
Symbol |
FUTURES |
|
|
|
|
|
Small Sterling/yen |
62,500 pounds |
0.01 |
625 yen |
Physical |
YS |
Small New Zea$/US$ |
100,000 NZ$ |
0.0001 |
10 US$ |
Physical |
ZA |
Small Aussie$/US$ |
100,000 Au$ |
0.0001 |
10 US$ |
Physical |
AA |
The new small contracts are one-half the size of the regular contracts. For questions regarding the rules creating the contracts, please contact Eric Maine at 212-748-4105.
NYBOT’s currency futures marketplace has seen considerable growth over the past three years, including a 53% growth during the 2005 trading year. The NYBOT’s currency products division, which was established in 1985, trades a variety of currency futures and options on futures, including Euro-based currency pairs, U.S. dollar-based pairs, as well as other key cross-rate currency contracts including Japanese yen-based and British pound-based pairs. The NYBOT is also the exclusive marketplace for U.S. Dollar Index® (USDX®) and the FINEX® Euro Currency Index futures and options.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.