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.