October 21,2021 @01:50 PM
Meet FairX Micro Crude Oil futures, a Simple, Cost-Effective Way to Trade the Price of Oil. FairX’s micro-sized futures contract and low fees allow everyday traders to access one of the most actively traded global markets.
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| MICRO CRUDE OIL FUTURES | |
|---|---|
| CONTRACT UNIT | 100 Barrels x WTI Crude Oil Price (~$70 WTI Price/~$7,000 notional) |
| TRADING HOURS | Sunday – Friday 6pm – 5pm ET |
| MINIMUM PRICE FLUCTUATION | 0.01 index points = $1.00 |
| PRODUCT CODE | OIL |
| LISTED CONTRACTS | Monthly contracts listed for nearest two months |
| SETTLEMENT | Financially settled |
| TERMINATION OF TRADING | Trading terminates 2:30pm ET 4 business days prior to the 25th calendar day or the month prior to the month of the contract |
| INDICATIVE INITIAL MARGIN | Expected at ~10% or $700 |
