What Are Swiss Franc Futures?
Swiss Franc Futures (6S) are futures contracts based on the value of the Swiss Franc (CHF) relative to the U.S. Dollar (USD). These contracts allow traders, investors, and businesses to hedge or speculate on fluctuations in the value of the Swiss Franc. The Swiss Franc is often seen as a “safe haven” currency, influenced by global economic conditions, interest rates, and geopolitical factors.
Contract Size
- Contract Size: 125,000 Swiss Francs.
Trading Hours
The Swiss Franc 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: $12.50 per tick.
- Minimum Price Fluctuation: $0.0001 per CHF/USD.
This makes Swiss Franc Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the foreign exchange market.
Trading Symbol
- Platform Symbol: 6S
Margins
To trade Swiss Franc Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Swiss Franc Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Swiss Franc Futures are widely used by businesses and investors to hedge against fluctuations in the exchange rate between the Franc and the U.S. Dollar.
- Global Influence: The Swiss Franc is influenced by Switzerland’s economic performance, interest rate policies, and its status as a global safe haven currency.
- 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 Swiss Franc.
Start Trading 6S with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Swiss Franc 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.