Micro WTI Crude Oil Futures: Now Trading!
The new Micro WTI Crude Oil futures contracts are now trading and seeing great first-day volume. You can trade the new product in the Ironbeam mobile, desktop, and web apps. You can test drive the platform HERE
In case you missed it…
We hosted a product launch webinar with CME Group on the new MCL contract. You can watch the recording below.
A global benchmark, three contract sizes
Below is a table to help you compare preliminary contract specifications for Micro WTI Crude Oil futures to the existing WTI Crude Oil contracts.
|Micro WTI Crude Oil Futures|
|Launch Date||July 12, 2021|
|Contract Size||100 barrels|
|Ratio to standard contract||1/10|
|Minimum Tick Increment||$0.01 per barrel|
|$ value of one tick||$1 per contract|
|Trading Hours||Sun-Fri: 5 p.m. to 4 p.m. CT|
|Contract||Overnight||Day Trade Margin|
MARGIN DISCLAIMER: The margins displayed are approximations based on the latest exchange information. The exchange can change margins at any time without notice.
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.
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