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 |
| Product Code | MCL |
| Trading Hours | Sun-Fri: 5 p.m. to 4 p.m. CT |
| Settlement | Financial |
MCL Margins
| Contract | Overnight | Day Trade Margin |
|---|---|---|
| MCL | $583 | $150 |