- Symbol
- RU
- Exchange
- CME
- Contract Size
- 2,500,000 Russian Rubles
- Tick Size
- 0.00001 = $25.00
About CME Russian Ruble Futures
Russian Ruble futures contracts offer financial institutions, investment managers, corporations, and private investors a means to manage risks associated with currency rate fluctuation and to take advantage of, and to manage, fluctuation of the Ruble versus the U.S. dollar. The Ruble is the currency of the Russian Federation, and formerly the Soviet Union. One Ruble can be divided into 100 kopeks.
The Russian Ruble contract was introduced by the Chicago Mercantile Exchange in 1998 to provide an innovative risk management tool for those interested in the myriad of investment opportunities provided by the developing Russian economy. As part of its Emerging Market Futures, CME re-launched the Ruble contract in 2000 with a significantly larger contract size and new tick specifications.
Futures contracts are quoted in U.S. dollars per Ruble, and call for cash settlement at expiration. There is no physical exchange of Russian Rubles for U.S. dollars on the delivery date. On the business day prior to the last trading day, the CME marks all open Russian Ruble positions to the settlement price determined in the futures pit. Then trading in the expiring contract continues on CME Globex from 2:00 PM until 11:00 AM Moscow time (usually 3:00 PM US EST) on the contract's termination of trading day. All open positions at termination are then cash-settled to the reciprocal of the result of the CME/EMTA Russian Ruble per U.S. Dollar Reference Rate survey procedure.
CME Russian Ruble Futures Specifications
Russian Ruble futures, Chicago Mercantile Exchange, trading symbol RU. Minimum Tick Size: $0.00001 per Russian Ruble, worth $25 per contract.
Russian Ruble futures trade continuously on the CME Globex system, from 6:00 PM US EST on Sunday until 5:00 PM US EST Monday. During the week, the trading session is from 6:00 PM US EST until 5:00 PM US EST the following afternoon.
Available Trading Months: March, June, September, and December.
Please see the disclosures page for additional information regarding this section.
