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Home|General, Latest News|Micro Crude Oil Launch

Micro WTI Crude Oil Futures

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 DateJuly 12, 2021
Contract Size100 barrels
Ratio to standard contract1/10
Minimum Tick Increment$0.01 per barrel
$ value of one tick$1 per contract
Product CodeMCL
Trading HoursSun-Fri: 5 p.m. to 4 p.m. CT
SettlementFinancial
MCL Margins
ContractOvernightDay 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 |2021-11-24T13:05:16-06:00May 17th, 2021|General, Latest News|0 Comments

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