E-micro
An E-micro is a futures contract traded on the Chicago Mercantile Exchange's Globex electronic trading platform, that represent 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]
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-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 | $2 x Index | $0.5 | $1[4] | $3,125 | $2,500[5] |
E-micro EUR/USD Futures | CME | M6E | 12,500 euros | 0.0001 USD/EUR | $1.25[6] | $405 | $300[5] |
E-micro Gold Futures | CME | MGC | 10 troy ounces | $0.10 | $1[7] | $675 | $500[5] |
See also
References
- ^ "E-micro S&P CNX Nifty (Nifty 50) futures - Contract specifications". CME Group. Retrieved 16 April 2011.
- ^ "CME ClearPort Product Slate - FX E-micros". CME Group. Retrieved 16 April 2011.
- ^ 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.
- ^ "E-micro S&P CNX Nifty (Nifty 50) Futures - Contract specifications". CME Group. Retrieved 17 April 2011.
- ^ a b c "Outright Margins / Performance Bond Requirements". CME Group.
- ^ "E-micro EUR/USD Futures - Contract specifications". CME Group. Retrieved 17 April 2011.
- ^ "E-micro Gold Futures - Contract specifications". CME Group. Retrieved 17 April 2011.
External links