U.S. Futures Exchange (USFE) provides retail investors with a new way to participate in the growing global currency markets with the introduction of FX Spot Equivalent Futures contracts (SEFs). SEFs replicate spot foreign exchange markets in a U.S. regulated exchange environment. Trading is the same as on over-the-counter platforms, but with the customer protections and transparency of a regulated and cleared U.S. futures exchange. Click here to download printable fact sheet. Benefits Trade FX spot rates, electronically, real-time, 23 hours per day Use your existing brokerage account or open a new account with any of the futures brokers connected to USFE Incorporate standard futures-style leverage, which permits trading with less capital Immediately access continuous markets with competitive bid/ask spreads provided by USFE’s dedicated market makers Enjoy the opportunity to place orders and get filled inside the quoted market Have your positions automatically rolled forward at the end of each day at no cost Receive or pay a fair positive or negative end-of-day carry, with no bid/ask spread applied Trade with all the safety, security, and protections that a fully U.S. regulated and cleared futures exchange provides Contract Specifications FSED - U.S. Dollar per Euro FSPD - U.S. Dollar per British Pound FSDY - Japanese Yen per U.S. Dollar FSDS - Swiss Franc per U.S. Dollar FSAD - U.S. Dollar per Australian Dollar FSDC - Canadian Dollar per U.S. Dollar Contract Details Contracts settle daily at 4:00 p.m. Chicago time to the applicable spot FX rate Market is open for trading every week day from 5:25 p.m. Chicago time the previous day through 4:00 p.m. Chicago time the current day Overnight carry is calculated in the quoted currency and credited/debited to your brokerage account at the end of each trading day