Jump to content

E-micro

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Monkbot (talk | contribs) at 23:07, 29 November 2020 (Task 18 (cosmetic): eval 8 templates: del empty params (1×);). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

An E-micro is a futures contract traded on the Chicago Mercantile Exchange (CME) Globex electronic trading platform, that represents an even smaller fraction of the value of the normal futures contracts than the corresponding E-mini.

Currently, CME offers one E-micro stock market index contract, E-micro S&P CNX Nifty (Nifty 50) Futures, with a notional value of $2 x the S&P CNX Nifty index of Indian stocks,[1] and E-micro contracts for a number of currency futures pegged against the US Dollar (AUD, CAD, CHF, EUR, GBP, JPY).[2] E-micro gold futures contracts were introduced in October 2010.[3]

On 11 March 2019 CME Group announced the launch of Micro E-mini futures on the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average indexes. The new contracts will be one-tenth the size of existing E-mini futures, and are set to be available for trading in May 2019.[4]

E-micro contracts

The table below lists some of the more popular E-micro contracts, with the initial and maintenance margin required by the issuing exchange. Note that individual brokers may require different margin amounts (also called performance bonds).

E-micros
E-micro contract Exchange Ticker symbol Multiplier Tick size Tick value Initial margin Maintenance margin
E-micro S&P CNX Nifty (Nifty 50) Futures CME MNF $5 x Index $1.25 0.25[5] $3,125 $2,500[6]
E-micro EUR/USD Futures CME M6E 12,500 euros 0.0001 USD/EUR $1.25[7] $405 $300[6]
E-micro Gold Futures CME MGC 10 troy ounces $0.10 $1[8] $675 $500[6]

See also

References

  1. ^ "E-micro S&P CNX Nifty (Nifty 50) futures - Contract specifications". CME Group. Retrieved 16 April 2011.
  2. ^ "CME ClearPort Product Slate - FX E-micros". CME Group. Retrieved 16 April 2011.
  3. ^ Fernando, Vincent (6 October 2010). "Introducing The New E-Micro Gold Futures -- Making Prices Even Easier To Manipulate". Business Insider, Inc. Retrieved 16 April 2011.
  4. ^ "CME Group Makes Global Equity Benchmarks More Accessible to Active Traders with Launch of Micro E-mini Futures" (Press release). Chicago: CME Group. PRNewswire. 11 March 2019.
  5. ^ "E-micro S&P CNX Nifty (Nifty 50) Futures - Contract specifications". CME Group. Retrieved 17 April 2011.
  6. ^ a b c "Outright Margins / Performance Bond Requirements". CME Group.
  7. ^ "E-micro EUR/USD Futures - Contract specifications". CME Group. Retrieved 17 April 2011.
  8. ^ "E-micro Gold Futures - Contract specifications". CME Group. Retrieved 17 April 2011.


Stub icon

This finance-related article is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/w/index.php?title=E-micro&oldid=991414245"