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Micro crude oil futures - July 12, 2021


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Micro crude oil futures - July 12, 2021

  #1 (permalink)
 ericgong 
Ottawa
 
Experience: Intermediate
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see this for details:

https://www.cmegroup.com/trading/energy/micro-wti-crude-oil-futures.html#


Explore the power and precision of trading a smaller oil contract
On July 12, 2021*, Micro WTI Crude Oil futures will give traders of all sizes a smaller, more precise instrument for managing crude oil price exposure. At 1/10 the size of the benchmark WTI futures contract, Micro WTI Crude Oil futures offers the same robust transparency and price discovery of larger WTI futures with smaller margin requirements.

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  #2 (permalink)
 ericgong 
Ottawa
 
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  #3 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021


Awesome!! Cant wait !! Going to incorporate these contracts immediately

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  #4 (permalink)
 
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 SMCJB 
Houston TX
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Search is your friend.

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  #5 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021

Obviously immediately means immediately once the contracts are available to trade. Dont need to search I got the memo a few months ago.

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 SMCJB 
Houston TX
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I was addressing @ericgong who created a duplicate thread. Search would have prevented that.
FYI I believe they were announced just 3 weeks ago.

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  #7 (permalink)
 Cutloss 
Midway florida
 
Posts: 243 since May 2021

Cme ser..subscribe it's free and great info

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 MNSTrading 
Grand Rapids, Michigan
 
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not finding the MCL ticker yet, maybe tonight/tomorrow?

Coming, they can't be denied. Going, they can't be detained.
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  #9 (permalink)
 steve2222 
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MNSTrading View Post
not finding the MCL ticker yet, maybe tonight/tomorrow?

12 July, not June maybe why?

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 josh 
Georgia, US
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Cutloss View Post
Awesome!! Cant wait !! Going to incorporate these contracts immediately

While I suspect liquidity will be fantastic long term, consider giving it a few days/weeks for the liquidity to build. Also, I expect the noobs who have never traded crude to be out in full force, so I wouldn't expect a particularly clean trade, especially the first day or two. Maybe will be different, but if I were a MM and signed up to provide liquidity for this, I'd certainly take that into account, so on the retail side, I wouldn't expect it to be an easy trade at first. Just a hunch but we'll see.

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Last Updated on June 15, 2021


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