Trade Center Inc. Commodity and Futures Brokers Administering and Managing Futures Trading Systems for Over Ten Years
1-800-894-8194     Tradecenter, LLC. formerly Tradecenter, Inc.
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Eurodollar Futures   PDF  Print  E-mail

Trade Eurodollar Futures at Trade Center, LLC.

Eurodollars are U.S. dollars on deposit in commercial banks located outside of the United States. Eurodollars deposits play a major role in the international capital market, and they have long served as a benchmark interest rate for corporate funding.
The Eurodollar futures contract reflects the London Interbank Offered Rate (LIBOR) for a three-month, $1 million offshore deposit. Eurodollar deposits are direct obligations of the commercial banks accepting the deposits and are not guaranteed by any government. Although they represent low-risk investments, Eurodollar deposits are not risk-free
CME developed and launched Eurodollar futures in 1981, and since then Eurodollar futures has evolved into one of the world’s most innovative and popular contracts—and is now the most actively traded futures contract in the world with open interest recently surpassed the four million mark.
In 2003, approximately 310 million Eurodollar futures and options on futures traded at CME, which was the contract’s busiest year since it began trading. Eurodollar volume on the GLOBEX electronic platform also continues to build, demonstrating solid performance and reliability in electronic trading.
CME Eurodollar futures are cash-settled, therefore, there is no delivery of a cash instrument upon expiration because cash Eurodollar time deposits are not transferable.
Eurodollar futures contract size has a principal value of $1,000,000 with a three-month maturity. Eurodollar futures move in 1 point increments, or .01, equaling $25. The Eurodollar tick reflect the dollar value of a 1/100 of one percent change in a $1 million, 90-day deposit, determined by the following equation:
$1,000,000 notional value x .0001 x 90/360 = $25.
Trading can also occur in minimum ticks of .0025, or ¼ ticks, representing $6.25 per contract and in .005, or ½ ticks, representing $12.50 per contract. Eurodollar contracts trade Mar, Jun, Sep, Dec; Forty months in the March quarterly cycle, and the four nearest serial contract months
Since the Eurodollar contract’s inception, it has become one of the most versatile trading vehicles offered on the listed markets, offering numerous opportunities for hedgers and arbitrageurs. The contract’s exceptional growth and its adaptability and versatility continues to evolve due to nonstop enhancements. As a result, today’s Eurodollar contract offers even more trading opportunities.
Besides Eurodollar futures and options on futures, CME also developed the following as part of the Eurodollar contract:
Eurodollar Bundles—allow traders to simultaneously buy or sell a consecutive series of Eurodollar futures in equal proportions beginning with the front quarterly contract.
Eurodollar Packs—simultaneous purchase or sale of an equally weighted, consecutive series of four Eurodollar futures, quoted on an average net change basis from the previous day’s close.
Serial Eurodollars—identical to quarterly Eurodollar futures with the exception of expirations dates. Serial Eurodollars expire in months other than those in the March, June, September and December quarterly cycles.

Contract Specification for Eurodollar Futures 

Trade Unit:
Eurodollar Time Deposit having a principal value of $1,000,000 with a three-month maturity.    
      
Point Descriptions:  
1 point = .01 = $25.00    
      
Contract Listing:  
Mar, Jun, Sep, Dec, Forty months in the March quarterly cycle, and the four nearest serial contract months.    
              
Product Code: 
  Clearing=ED    
  Ticker=ED    
  GLOBEX=GE
      
Trading Venue: Floor      
      
Hours:  7:20 a.m.-2:00 p.m.Holidays LTD(Monday 5:00 a.m.)    
          
      
Minimum Fluctuation: 
  Regular  0.01=$25.00        
  Half Tick  0.005=$12.50        
  Quarter  0.0025=$6.25 for nearest expiring month.
    
Trading System Administration
Once a commodity futures or forex trading system has been selected, implementation is the next step. Our Trading System Administration and Management service is simple and allows you to maintain control over your commodity futures or forex trading account without dealing with the day-to-day chore of data management, order processing, and software.  Learn more.

Trading System Analysis Platform

Our proprietary analysis and evaluation platform was designed to assist our clients in selecting commodity futures, and forex trading systems.  Graphically based, it is unlike anything available in the commodities industry and may help give you the edge in building a successful portfolio.  Click here for FREE access to System Center

Trade Futures and Foreign Exchange

Trade Center, LLC. provides investors with access to virtually every major future or forex instrument around the globe.  As an Independent Introducing Broker our clients can access markets electronically via our efficient on-line platforms or work with our regisitered futures and forex professionals directly.  to take a guided tour of our trading platforms, click here.  

Experience in Futures and Foreign Exchange

Our firm has been assisting investors for nearly eleven years.  Our opinion is that our investors benefit from the knowledge we have accumulated in transacting a staggering number of trades over the past decade.  The experience we bring to the industry is invaluable when dealing with the complex nature of todays markets and trading systems.

How to Get Started:
Call 800 894 8194 US/Canada 

949 643 7100 Local for any questions and assistance.

1-800-894-8194 or 1- 949-643-7100 info@tradecenterinc.com

Opening a commodity futures account with Trade Center, LLC. is fast and easy.  In additon, we give you the flexibilty to open an account online, download the forms and send them to us, or have the forms mailed to you.  All three options can be accessed via our new accounts page.  If you would like to explore the rest of the site, click here.  For access to the entire library of commodity futures and forex trading system, please visit System Center.

 
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System Center is a wholly owned product of Trade Center, LLC. All representations of managed futures, advisory services and alternative investments are wholly owned by Trade Center, LLC. Trade Center, LLC is a member of the National Futures Association and is registered with the Commodity Futures Trading Commission. Trade Center is an Independent Introducing Broker for both Man Financial and R.J. O'Brien (RJO). The Man Group can trace its origins back to 1783 when James Man first established a sugar broking business in the City of London. The Group operated as a traditional partnership for over two hundred years and was engaged mainly in the agricultural markets of sugar, coffee and cocoa.

Man Financial, the Group's brokerage division, is the world's largest independent futures broker and commands a global financial presence with offices in New York, Chicago, Kansas City, London, Paris, Singapore, Taiwan, Sydney and Brisbane. The division provides agency broking and other related services to a worldwide client base, which ranges from banks, CTAs, Hedge Funds and major industrial groups to individual private clients.

Founded in 1914, RJO is one of the oldest and best-known independent futures brokerage firms in the industry. RJO is a founding member of the Chicago Mercantile Exchange and a member of all the major U.S. Futures Exchanges. RJO offers clients access to the markets through a variety of account types including: On-line access through our Market Center Direct (MCD) software Managed Products including systems and CTA products Full Service Broker Assisted Accounts Foreign Exchange (FX) accounts

Trade Center LLC offers brokerage for futures contracts traded around the globe, including the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), COMEX Division of NYMEX, EUREX, London Metal Exchange (LME), New York Board of Trade (NYBOT) and the New York Mercantile Exchange (NYMEX).

Trade Center is a commodity futures brokerage firm offering full service, discount and On-line Trading. Our Services include placement of investment funds into managed futures via commodity trading advisors (CTA's), advisory services, foreign exchange trading, single stock futures, and the administration of futures trading systems.

Contact Trade Center for alternative investments, futures trading, commodity trading, options trading and strategies, futures options, direct access trading, on-line commodity trading, and Forex trading. Experienced Trade Center commodity futures brokers manage alternative investments, managed futures via CTA's, options, futures trading, futures options, and forex trading. FXCM Currencies, Equity Indices, Single-Stock Futures, Debt Futures, Financial Technical, Grains, Livestock, Metals, Energies, Soft’s and Cotton research synthesizes information from a global network of commercial firms, cash brokers, money managers, hedge funds and floor traders to generate thought-provoking analysis investors, traders and institutions demand. Availability of products and services may vary by jurisdiction.

Trade Center does not share or distribute personal information; personal data will be used for internal purposes only. Trade Center, LLC never sells personal information to anyone; please view our Privacy Policy / Comments about our Web-site

COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. CLICK HERE FOR A FULL RISK DISCLOSURE
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