Micro Crude Oil Is Live!

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

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.

By Ironbeam| July 12, 2021| News| 0 Comments

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