July 07,2021 @01:47 PM
CME Micro Crude Oil
Micro WTI Crude Oil futures will give traders of all sizes a smaller, more precise instrument for managing crude oil price exposure. At 1/10 the size of the benchmark WTI futures contract, Micro WTI Crude Oil futures offers the same robust transparency and price discovery of larger WTI futures with smaller margin requirements.
Edge Clear has pushed for the creation and delivery for this product since the launch of Micro Index Futures in May 2019. We are delighted to see this product go live and are happy to offer it at our competitive Micros pricing.
| NEW MICRO WTI CRUDE OIL FUTURES | E-MINI WTI CRUDE OIL FUTURES | WTI CRUDE OIL FUTURES | |
|---|---|---|---|
| AVAILABILITY TO TRADE | July 12, 2021* | Available now | Available now |
| CONTRACT SIZE | 100 barrels | 500 barrels | 1,000 barrels |
| RATIO TO STANDARD CONTRACT | 1/10 | 1/2 | 1 (standard) |
| MINIMUM TICK/ PRICE FLUCTUATION | $0.01 per barrel | $0.025 per barrel | $0.01 per barrel |
| DOLLAR VALUE OF ONE TICK | $1 per contract | $12.50 per contract | $10 per contract |
| PRODUCT CODE | MCL | QM | CL |
| SETTLEMENT | Financial | Financial | Physical |
| EXPIRATION SCHEDULE | 1 day prior to the expiration of WTI Crude Oil (CL) futures | Standard | |
| TRADING HOURS | CME Globex: Sun-Fri: 5 p.m. to 4 p.m. Mon-Fri: 60-minute daily trading halt beginning at 4 p.m. CT | ||
| LISTING EXCHANGE | NYMEX | ||
