Futures Trading Reference Guide - BetterTrader.co (2024)

Futures Months

  • January – F
  • February -G
  • March– H
  • April– J
  • May– K
  • June– M
  • July– N
  • August Q-
  • September– U
  • October– V
  • November– X
  • December – Z

Futures Contracts Months Codes

Futures Trading Reference Guide - BetterTrader.co (1)

JAN FEB MAR APR MAY JUN
F G H J K M
JUL AUG SEP OCT NOV DEC
N Q U V X Z

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Futures Symbols 101

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GC Z 17
CONTRACT SYMBOL (Gold) EXPIRATION MONTH (December) EXPIRATION YEAR (2017)

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Futures Symbols List

  • Futures Symbol 101
  • Futures Contracts Months Codes
  • Stock Indices Futures Symbols
  • Currencies Futures Symbols
  • Energies Futures Symbols
  • Metals Futures Symbols
  • Metals Futures Symbols
  • Interest Rates Futures Symbols
  • Soft and Fibers Futures Symbols
  • BONUS – Desktop Background
  • For download all images

For example, a gold future that expires in December 2017 would have the symbol: GCZ17 (GC December 2017).

Futures Symbols 101

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GC Z 17
CONTRACT SYMBOL (Gold) EXPIRATION MONTH (December) EXPIRATION YEAR (2017)

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In the world of trading futures there are many different letters and symbols that correspond to different futures contracts, months of expiry, and exchanges which are denoted on the following graphics.

Futures Month Symbols

Futures Contracts Months Codes

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JAN FEB MAR APR MAY JUN
F G H J K M
JUL AUG SEP OCT NOV DEC
N Q U V X Z

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Below you can find the symbols associated with each month of expiry for future contracts. While the letters might seem erratically dispersed, this is most likely because the preceding letters already have associations in trading contexts ( A= Ask, B= Bid, C= Corn, E=Eggs, O= Oats, S= Soybeans, W= Wheat etc.). This leaves the remaining letters to be served for the months of the year. However, the original future trading commodities dealt with agricultural resources, therefore corn and wheat are represented, while crude oil is not. While this explanation seems probable, there is no definitive reason for the denotations but they are still globally accepted as the correct symbols.

Futures Specification

What is "Min Tick"?

Min Tick is the minimum movement that is captured for a given instrument. For instance if the Tick is 0.01 this means the minimum price movement that will be recorded is 0.01. For example CL (the futures contract for oil) is trading today at 67.01 and the minimum change in price that will be recorded is from 67.01 to 67.02 or from 67.01 to 67.00 this is the definition of Min Tick being 0.01

What is "Tick Value"?

This means how much each tick movement is worth. For example assume we are talking about the futures contract for oil which is denoted as CL. The definition of the oil contract size is for 1000 barrels . Thus since the "Tick" is 0.01 the tick value is equal to the contract size multiplied by minimum tick, in our oil contract example 0.01*1000 =$10. In summary; Tick Value = Tick*Contract Size.

Futures Symbol List

Stock Indices

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SYMBOL FUTURE CONTRACT EXCHANGE FUTURES DELIVERY MONTH MIN TICK INITIAL MARGIN TICK $ VALUE
DJ Dow Jones Industrials CBOT H, M, U, Z 1.000 $3.550 $10
ND Nasdaq 100 CME H, M, U, Z 0.250 $4.290 $25
SP S&P 500 CME H, M, U, Z 0.050 $4.200 $12.5

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Below you can find the symbols associated with every kind of futures contract, where they are exchanges, the month of delivery, the minimum tick size/price shift, and the $-value (amount of profit or loss incurred with each tick). You can also find the initial margin of each future contract, which signifies the minimum amount to be available in your account as a collateral for each contract that you have open position on. When you purchase a futures contract, the initial margin is the minimum amount of money that must be deposited into your account which is refunded with any gains or losses when your contract is liquidated. The amount in this margin account fluctuates daily in response to the market in relation to your futures contract.

Currencies Futures Symbols

Currencies

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SYMBOL FUTURE CONTRACT EXCHANGE FUTURES DELIVERY MONTH MIN TICK INITIAL MARGIN TICK $ VALUE
AD Australian Dollar CME H, M, U, Z 0.010 $1.430 $10
BP British Pound CME H, M, U, Z 0.010 $2.310 $6.25
CD Canadian Dollar CME H, M, U, Z 0.010 $1.045 $10
DX US Dollar Index ICE H, M, U, Z 0.010 $1.980 $10
EU EuroFx CME H, M, U, Z 0.010 $2.310 $12.5
JU Japanese Yen CME H, M, U, Z 0.010 $3.300 $12.5
SF Swiss Franc CME H, M, U, Z 0.010 $3.438 $12.5

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Energies Futures Symbols

Energies

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SYMBOL FUTURE CONTRACT EXCHANGE FUTURES DELIVERY MONTH MIN TICK INITIAL MARGIN TICK $ VALUE
CL Crude Oil NYM F, G, H, J, K, M, N, Q, U, V, X, Z 0.010 $2.750 $10
HO NY Harbor ULSD/Heating oil NYM F, G, H, J, K, M, N, Q, U, V, X, Z 0.010 $3.300 $4.2
HU Unleaded Gas NYM F, G, H, J, K, M, N, Q, U, V, X, Z 0.010 $3.150 $4.2
NG Natural Gas NYM F, G, H, J, K, M, N, Q, U, V, X, Z 0.001 $2.090 $1
RB RBOB Gasoline NYM F, G, H, J, K, M, N, Q, U, V, X, Z 0.010 $3.520 $4.2
ITCO/BRN Brent Crude ICE F, G, H, J, K, M, N, Q, U, V, X, Z 0.010 $4.070 $10

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Meats Futures Symbols

Meats

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SYMBOL FUTURE CONTRACT EXCHANGE FUTURES DELIVERY MONTH MIN TICK INITIAL MARGIN TICK $ VALUE
FC Feeder Cattle CME F, H, J, K, Q, U, V, X 0.025 $4.263 $12.5
LC Live Cattle CME G, J, M, Q, U, V, Z 0.025 $2.255 $10
HE Lean Hogs CME G, J, K, M, N, Q, V, Z 0.025 $1.320 $10
DA Milk class III CME F, G, H, J, K, M, N, Q, U, V, X, Z 0.010 $1.300 $20

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Grains & Soy Complex Futures Symbols

Grains & Soy Complex

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SYMBOL FUTURE CONTRACT EXCHANGE FUTURES DELIVERY MONTH MIN TICK INITIAL MARGIN TICK $ VALUE
BO Soybean Oil CBOT F, H, K, N, Q, U, V, Z 0.010 $935 $6
C Corn CBOT F, H, K, N, U, X, Z 0.250 $935 $12.5
KW Kansas City Wheat KCBT H, K, N, U, Z 0.250 $1.250 $12.5
MW Minneapolis Wheat MGE H, K, N, U, Z 0.250 $2.250 $12.5
O Oats CBOT H, K, N, U, Z 0.250 $880 $12.5
S Soybeans CBOT F, H, K, N, Q, U, X 0.250 $2.310 $12.5
SM Soybeans Meal CBOT F, H, K, N, Q, U, V, Z 0.100 $1.980 $10
W Wheat CBOT H, K, N, U, Z 0.250 $1.320 $12.5

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Metals Futures Symbols

Metals

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SYMBOL FUTURE CONTRACT EXCHANGE FUTURES DELIVERY MONTH MIN TICK INITIAL MARGIN TICK $ VALUE
GC Gold CMX G, J, M, Q, V, Z 0.100 $4.345 $10
HG Copper CMX H, K, N, U, Z 0.050 $2.640 $12.5
PL Platinum NYM F, J, N, V 0.100 $2.090 $5
SI Silver CMX H, K, N, U, Z 0.005 $5.500 $0.25

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Interest Rates Futures Symbols

Interest Rates

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SYMBOL FUTURE CONTRACT EXCHANGE FUTURES DELIVERY MONTH MIN TICK INITIAL MARGIN TICK $ VALUE
ED Eurodollars CME H, M, U, Z 0.005 $3.850 $12.5
FV 5-Yr T-Notes CBOT H, M, U, Z 0.016 $770 $15.625
MB Municipal Bonds CBOT H, M, U, Z 0.031 $3.150 $31.25
TU 2-Yr T-Notes CBOT H, M, U, Z 0.008 $462 $15.625
TY 10-Yr T-Notes CBOT H, M, U, Z 0.016 $1.430 $15.625
US 30-Yr T-Notes CBOT H, M, U, Z 0.031 $3.850 $31.25

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Soft and Fibers Futures Symbols

Soft & Fibers

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SYMBOL FUTURE CONTRACT EXCHANGE FUTURES DELIVERY MONTH MIN TICK INITIAL MARGIN TICK $ VALUE
RR Rice CBOT F, H, K, N, U, X 0.500 $975 $50
CC Cocoa ICE H, K, N, U, Z 1.000 $1.595 $10
CT Cotton ICE H, K, N, U, Z 0.010 $2.530 $5
KC Coffee ICE H, K, N, U, Z 0.050 $2.970 $18.75
LB Lumber CME F, H, K, N, U, X 0.100 $1.595 $11
JO Orange Juice ICE F, H, K, N, U, X 0.050 $1.600 $7.5
SB Sugar #11 ICE H, K, N, V 0.010 $1.232 $11.2

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BONUS – Desktop Background

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Futures Trading Reference Guide - BetterTrader.co (2024)

FAQs

How much is 1 tick on GC? ›

10 cents

How do you get approved for futures trading? ›

Account requirements

In order to trade futures options, a trader must have a margin account with full options and futures approval. Clients with full options approval and a margin account can apply to trade futures.

What is the best platform to trade futures? ›

Best Futures Trading Platforms of 2024
  • Best for Professional Futures Traders: Interactive Brokers.
  • Best for Dedicated Futures Traders: NinjaTrader.
  • Best for Futures Education: E*TRADE.
  • Best for Desktop Futures Trading: TradeStation.

What is the z code in futures? ›

Delivery months are represented by a single, specific letter in the contract, and are depicted alphabetically starting with January ("F") and ending with December ("Z").

How to calculate futures tick value? ›

The value of one contract is calculated by multiplying the current level of the index by $5. So, if the index moves 30 points, or 1%, that translates into a gain or loss of $150 (30 points/0.25 minimum tick = 120 ticks; 120 x $1.25 = $150).

How many pips is 1 tick? ›

What is the Pip and the Tick? Both terms are similar and one or the other is usually used depending on the financial asset. However, when brokers offer currency pairs with 5 decimal places (or 3 decimal places for JPY pairs), as is the case with Darwinex, 1 pip is equivalent to 10 ticks.

Do you need $25,000 to day trade futures? ›

Minimum Account Size

A pattern day trader who executes four or more round turns in a single security within a week is required to maintain a minimum equity of $25,000 in their brokerage account. But a futures trader is not required to meet this minimum account size.

Can I trade futures with $100? ›

This can be a risky form of trading, but it also has the potential to generate large profits. If you are starting with a small amount of capital, such as $10 to $100, it is still possible to make money on futures trading.

How much do the best futures traders make? ›

Futures Trader Salary
Annual SalaryMonthly Pay
Top Earners$192,500$16,041
75th Percentile$181,000$15,083
Average$101,533$8,461
25th Percentile$57,500$4,791

Which futures is most profitable? ›

What futures are most profitable? Trading in futures markets such as the Micro E-Mini Russell 2000 (M2K), Micro E-Mini S&P 500 (MES), Micro E-Mini Dow (MYM), and Micro E-Micro FX contracts can be highly profitable due to their distinct market characteristics.

Who is the worlds best futures trader? ›

Best Futures Traders in the History of Futures Trading
  • Richard Dennis and the Turtle Traders. ...
  • Paul Tudor Jones. ...
  • Ed Seykota. ...
  • Bruce Kovner. ...
  • Larry Williams. ...
  • The Lessons from the Legends.
Feb 25, 2024

What are the easiest futures to trade? ›

High Liquidity For Low Slippage
  • Eurodollar (GE)
  • E-mini S&P 500 (ES)
  • 10-Year Treasury Note (ZN)
  • 5-Year Treasury Note (ZF)
  • Crude Oil WTI (CL)
  • Natural Gas (NG)
  • U.S. Treasury Bond (ZB)
  • E-mini Nasdaq 100 (NQ)

What is h in futures? ›

Each calendar month expiration is identified by a single letter as follows: January – F. February - G. March -H. April -J.

What is futures formula? ›

So with that, the formula is: Futures Price = Spot price * [1+ rf*(x/365) – d] X – number of days to expiry. Let's discuss it with an example. To help with calculation, we are assuming the following values.

What is the gold future symbol? ›

Examples include Crude Oil (CL), Gold (GC), E-Mini S&P 500 (ES), and so on). The symbol root is generally established by the futures exchange.

How much is 1 tick in trading? ›

For most stocks, the tick size is $0.01, but fractions of a cent may also occur. "Pips" and basis points (bps) are tick sizes used in currency and fixed-income markets.

How much is 1 tick to dollar? ›

0.140331 USD

What does 1 tick mean on what? ›

One grey tick means that the message has been successfully sent from your phone, while two grey ticks indicate that it has been delivered to the intended recipient. The message could have been delivered to their phone or any of their linked devices.

What is 1 tick in time? ›

A single tick represents one hundred nanoseconds or one ten-millionth of a second.

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