Home » Resources » News and Updates


ICE To Launch Ruble-Dollar Currency Pair Futures Contract

ICE to Launch Ruble-Dollar Currency Pair Futures Contract on November 21, 2011

Effective with the start of trading for trade date Monday, November 21, 2011, ICE Futures US (IFUS) will list a new Russian ruble-U.S. dollar futures contract for trading on the ICE electronic trading platform. The new cash-settled contract will trade alongside the existing currency pair futures contracts.

Key contract specifications for the contract are:

Contract Symbol: KRU
Contract Size: 2,500,000 ruble
Contract Months: twelve consecutive contract months
Price Quote: dollars per ruble to six decimal places
Minimum Price Fluctuation: $.000010 per ruble/$25.00 per contract
Hours: 8:00 pm to 5:00 pm NY time; Sunday evening opens at 6:00 pm

The last trading day for the expiring ruble-dollar contract month will be the fifteenth calendar day of the month, or, if that is not a business day for the Moscow interbank foreign exchange market, on the next business day for both the Exchange and the Moscow interbank foreign exchange market. Trading in the expiring contract month will end at 11:00 a.m. Moscow time on last trading day.

At launch, the contract months that will be listed for trading are the January 2012 to November 2012 contract months.

The new Ruble-dollar contract will be the subject of a filing with the Commission. A copy of the filing will be available on the Exchange website at the time the submission is made.


Back to News and Updates

The information contained herein is from sources believed to be reliable, but we can not guarantee either its accuracy or completeness. The information is provided for informational purposes only. Nothing contained herein shall be construed as a recommendation to buy or sell commodity futures or options on futures.


Got five minutes? We've got
an account with your name on it.

Open An Account
Online Today


Send Email Or Call Us