Norwegian Krone Futures (USD Pairs)

  • The product

    The Norwegian Krone Futures Contract per U.S. Dollar may serve to protect or speculate on the currency price at a future date, as well as to investors who, for example, have receivables in Norwegian Krone, or exposure to liabilities payments in the currency at future dates and even to trade on the currency trend in the future and thus make a profit. Through it the USDNOK parity is traded directly, in other words, expectations on the Brazilian Real do not interfere in this contract.

  • Specifications
    UnderlyingThe exchange rate of Norwegian Krone (NOK) per U.S. Dollar (USD).
    TickerNOK
    Contract sizeUSD 10,000.00
    QuotationNOK per USD 1,000.00, to one decimal place
    Tick sizeNOK 1.00 per USD 1,000.00.
    Round-lot1 contract
    Last trading dayLast trading day preceding the expiration date.
    Expiration date1st business day of the contract month.
    Contract monthsAll months.
    Settlement on expirationCash settlement.
  • Benefits
    • Protects the investor against price swings (hedging).
    • Enables position leverage.
    • Price transparency in electronic platform trades.