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E-micro

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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-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 $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

  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. ^ "E-micro S&P CNX Nifty (Nifty 50) Futures - Contract specifications". CME Group. Retrieved 17 April 2011.
  5. ^ a b c "Outright Margins / Performance Bond Requirements". CME Group.
  6. ^ "E-micro EUR/USD Futures - Contract specifications". CME Group. Retrieved 17 April 2011.
  7. ^ "E-micro Gold Futures - Contract specifications". CME Group. Retrieved 17 April 2011.


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