CME
Swiss Franc (6S) Tick Value & Contract Specs
Tick value $6.25 per tick — 125,000 Swiss francs.
Swiss Franc futures (6S) cover 125,000 CHF — the same contract size as the Euro FX future, not the 100,000 units used by the Aussie, Canadian and New Zealand dollars. That is why 6S ticks at $6.25 rather than $5.00 despite sharing the identical 0.00005 minimum increment. Sizing a franc position off an Aussie position's arithmetic will understate the risk by a quarter.
The franc is the market's oldest safe-haven currency, and it behaves like one: it strengthens during European stress, sovereign-debt scares and equity drawdowns, often moving inversely to risk assets rather than to interest-rate differentials. It also carries a specific institutional risk worth respecting. The Swiss National Bank has intervened directly and without warning in living memory — the removal of the euro floor in January 2015 moved the franc roughly thirty percent in minutes and left stop orders unfilled across the market. Position sizing on 6S should assume gaps, not slippage. The calculator below is pre-filled with the correct 125,000-unit specs.
- Exchange
- CME
- Contract size
- 125,000 Swiss francs
- Tick size
- 0.00005
- Tick value
- $6.25
- Point value (multiplier)
- $125000
- Trading hours
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET
- Margin
- Margin varies by broker and has historically spiked around Swiss National Bank policy surprises.
How 6S tick value works
Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).
tick value = tick size × multiplier. For 6S, that is 0.00005 × $125000 = $6.25 per tick, per contract.
One contract represents 125,000 Swiss francs. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.
6S contract months and ticker symbols
A futures ticker is three parts: the root, a one-letter delivery month, and the year. 6SZ2026 is the December 2026 6S contract. The month letters skip I and L, which would read as 1 and 7 on a ticker.
| Code | Month | Listed for 6S? |
|---|---|---|
| F | January | Yes — 6SF |
| G | February | Yes — 6SG |
| H | March | Yes — 6SH |
| J | April | Yes — 6SJ |
| K | May | Yes — 6SK |
| M | June | Yes — 6SM |
| N | July | Yes — 6SN |
| Q | August | Yes — 6SQ |
| U | September | Yes — 6SU |
| V | October | Yes — 6SV |
| X | November | Yes — 6SX |
| Z | December | Yes — 6SZ |
All twelve months are listed, but almost all volume sits in the March, June, September and December contracts.
Which 6S contract am I looking at?
Most charts default to the continuous front-month series rather than a dated contract — one stitched-together chart that rolls to the next month as the current one nears expiry. Every platform spells it differently, which is why the same contract appears under so many names.
| Written as | Platform | Meaning |
|---|---|---|
| 6S1! | TradingView | Continuous front-month contract. "2!" is the next one out, and a dated contract is written in full, e.g. 6SZ2026. |
| 6S00 | Barchart | Continuous front-month series. "6SZ26" style codes name a specific month and year instead. |
| 6Sc1 | Refinitiv / Reuters | Continuous front month; c2 is the second month out. |
| /6S | thinkorswim, tastytrade | The leading slash marks it as a future rather than a stock. A specific month is /6SZ26. |
| 6S=F | Yahoo Finance | The "=F" suffix denotes the front-month futures series. |
| $6S | StockTwits, social | A cashtag, not an exchange symbol. It usually means the front month, but it is informal and ambiguous. |
A dated code such as 6SZ26 always means one specific contract; the continuous forms never do. Check which you are quoting before comparing a price to someone else’s — around a roll they differ.
Frequently asked questions
- What is the tick value for 6S?
- $6.25 per tick — a 0.00005 tick size × a $125000 multiplier (point value).
- What is one 6S contract worth?
- One contract represents 125,000 Swiss francs. Notional value = price × $125000; use the tick value calculator with the current price for an exact figure.
- Which exchange lists 6S?
- Swiss Franc (6S) trades on the CME.
- What are the trading hours for 6S?
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:00pm–6:00pm ET.
- How much margin do I need to trade 6S?
- Margin varies by broker and has historically spiked around Swiss National Bank policy surprises.
- What are the 6S contract months?
- 6S lists January, February, March, April, May, June, July, August, September, October, November and December. All twelve months are listed, but almost all volume sits in the March, June, September and December contracts.
- What does 6SZ2026 mean?
- It is one specific 6S contract: the root 6S, the delivery-month code Z, and the year. Z is December, so 6SZ2026 is the December 2026 contract. The codes run F G H J K M N Q U V X Z for January through December — I and L are skipped because they read as 1 and 7 on a ticker.
- What is 6S00, 6S1! or /6S?
- All three name the same thing: the continuous front-month 6S contract, written differently by different platforms. Barchart uses 6S00, TradingView 6S1!, thinkorswim and tastytrade /6S, Yahoo Finance 6S=F, and 6S on social media is usually written $6S. None of them is a separate instrument — each stitches together whichever dated contract is currently the front month.
- How is P&L calculated for 6S?
- P&L = (exit price − entry price) ÷ 0.00005 tick size × $6.25 tick value × number of contracts. Use the tick value calculator to compute this directly.
More futures contract specs
- 6N — New Zealand DollarTick value $5.00 · CME
- 6E — Euro FXTick value $6.25 · CME
- 6B — British PoundTick value $6.25 · CME
- 6A — Australian DollarTick value $5.00 · CME
See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.
Specs last reviewed 2026-09-15. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.