Micro Crude Oil Launch

Coming In July 2021

Introducing Micro WTI Crude Oil futures, providing an efficient, cost-effective way to gain crude oil exposure and enhance trading strategies. Trade one of the worlds largest and most liquid commodities markets with a contract one-tenth the size of the standard Crude Oil contract.

Micro WTI Crude will be tradable on the Ironbeam platform and mobile app! You can test-drive the platform HERE

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| May 17, 2021| News| 0 Comments

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