What Are Russian Ruble Futures?
Russian Ruble Futures (6R) are futures contracts based on the value of the Russian Ruble (RUB) relative to the U.S. Dollar (USD). These contracts allow traders to hedge or speculate on fluctuations in the exchange rate between the Ruble and the U.S. Dollar. The value of the Ruble is influenced by global oil prices (as Russia is a major oil exporter), economic policies, and geopolitical events.
Contract Size
- Contract Size: 500,000 Russian Rubles.
Trading Hours
The Russian Ruble Futures contract trades nearly 24 hours a day, five days a week, providing consistent access to the global currency markets.
- Sunday to Friday: 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: $0.0001 (1 tick = 1 basis point).
- Tick Value: $50.00 per tick.
- Minimum Price Fluctuation: $0.0001 per RUB/USD.
This makes Russian Ruble Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the foreign exchange market.
Trading Symbol
- Platform Symbol: 6R
Margins
To trade Russian Ruble Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Russian Ruble Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Russian Ruble Futures are used by businesses and investors to hedge against fluctuations in the exchange rate between the Ruble and the U.S. Dollar.
- Global Influence: The Ruble is influenced by global oil prices, trade relationships, and Russia’s economic performance, offering opportunities for traders.
- Diversification: Add exposure to the foreign exchange market to complement equity or commodity investments.
- Price Discovery: Futures markets provide an effective mechanism for determining the fair price of the Russian Ruble.
Start Trading 6R with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Russian Ruble Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.