In Brief: Yen Currency Forwards Offered by Chicago Merc

CHICAGO - The Chicago Mercantile Exchange is offering yen rolling spot and currency forward contracts.

Currency forwards are futures contracts that replicate interbank forward foreign exchange contracts. Each forward has a denomination of $250,000 and settles into one CME rolling spot contract denominated in the same currency.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER