E-micro

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 US$0.0001/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 adding missing information.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.