Brazilian Real Futures
Brazilian Real Basics
Brazil has the largest economy in South America, but in 1994, Brazil was quaking under rampant inflation. The economic solution that was subsequently developed — the Plano Real (Real Plan) — involved a monetary reform package that introduced the modern-day Brazilian Real.
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Brazilian Real Contract Specifications
| Contract Size | 100,000 Brazilian reals |
| Contract Month Listings | Consecutive contract month listings (Jan., Feb., Mar., Apr., May, etc.) for a total maturity range out 10 years |
| Daily Settlement Procedure | To reduce basis risk between the CME Brazilian real/U.S. dollar futures and the BM&FBOVESPA U.S. dollar/Brazilian real futures contract, CME Settlements Team will determine the daily settlement prices at 4:00 PM Sao Paulo time each day. |
| Final Settlement Procedure | Cash-settled |
| Position Limits | 24,000 futures-equivalent contracts in a single month; 40,000 futures-equivalent contracts in all months combined** |
| Ticker Symbol | CME Globex Electronic Markets: 6L Open Outcry: BR AON Code: LZ |
| Minimum Price Increment | $.00005 per Brazilian real increments ($5.00/contract). |
| Trading Hours | Open Outcry (RTH): 7:20 a.m.-2:00 p.m. Globex (ETH): Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT. CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45–minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) |
| Last Trade Date | On the last business day of the month, at 9:15 a.m. CT, immediately preceding the contract month, on which the Central Bank of Brazil is scheduled to publish its final end-of-month (EOM), "Commercial exchange rate for Brazilian reals per U.S. dollar for cash delivery" (PTAX rate). |
| Block Trade Eligibility | Yes. |
| Block Minimum | 50 Contracts |
| Exchange Rules | These contracts are listed with, and subject to, the rules and regulations of CME. |
Source: CME Group
Currency Futures Market News
- Loonie dives after release of weak labor report: [May 10 04:33 AM] The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports. Read more
- Aussie's losses increasingly causing concern: [May 10 02:17 AM] Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg. Read more
- Yen slumps against dollar, euro as data notes investors look abroad: [May 10 01:52 AM] The Japanese yen fell to its four-plus year low on Friday against the U.S. dollar after the government of the Pacific Rim nation released data indicating domestic investors further developed holdings of international bonds, according to Bloomberg. Read more
- Strong jobs data pushes up greenback against euro, yen: [May 09 06:58 AM] Strong U.S. job market data pushed up the greenback on Thursday against the Japanese yen and the common currency of the European Union, providing a brighter outlook for prospects fo the world's largest economy, according to Bloomberg. Read more
- Rand pinched by preference against South Africa, finance minister says: [May 09 02:30 AM] The South African rand has been performing poorly because of strong manifestations of preferences against it and the monetary unit is weaker than it really should be, the nation's finance minister told Bloomberg news on Thursday. Read more
Brazilian Real Futures Price Quotes and Charts
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Brazilian Real Quotes + Charts - Complete market data and enhanced features such as key technical numbers. Create your own Custom Quote Portfolio to enhance your Brazilian Real trading experience. |
Brazilian Real Market Commentary, Analysis and Trade Recs
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