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Help on the Euro Currency (EC)
Euro Currency Futures are traded on the Chicago Mercantile Exchange.
The price of the Deutsche Mark is quoted in cents per Euro. The
standard contract size is 125,000 Euros. The minimum trading increment
is 0.01 cents/Euro.
Euro Currency prices are read as follows:
A price of 98.58 would be read as 98.58 cents per Euro..
A move from 98.58 to 99.58 would be a difference of $1,250.00
excluding commissions and fees. The minimum change is 0.01 point
or $12.50
Formula: $0.09858 - $0.09958 = $0.0100 *125,000 = $1,250.00
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