CME Group (NASDAQ: CME) today notified traders that effective Sunday, July 10, 2016 for trade date Monday, July 11, 2016, and pending all relevant CFTC regulatory review periods, CME will reduce the price increment of the Canadian Dollar/US Dollar futures contract down to a half tick commencing with the September 2016 contract month and beyond.
Specifically, CME is amending price increments of the CAD/USD futures contract by reducing the tick increment for outright transactions from $.0001 ($12.50) to $.00005 ($6.25) per CAD.
Lastly, effective at this time, CME is amending Globex Non-Reviewable Trading Ranges to modify the non-reviewable trading range of CAD/USD futures on CME Globex from 40 to 40.0 ticks to accommodate the half-tick reduction in CAD/USD futures.
The CAD/USD futures contract is listed for trading on CME Globex and for submission for clearing through CME ClearPort.
Quoted as CAD/USD the pair sunk to a .68081 YTD low on Jan 22 amidst the sell off in Oil but has since rallied (+12.14%) along with the recovery in Oil to settle now around .76394 at time of writing. One year daily chart, Courtesy: BarChart.