And before anybody asks, margin on the full-size contract is currently 42% of notional (has ranged from 35% to 42%), assuming these contracts are fungible it would be the same for the micro.

So Bitcoin $60k, CME Micro 0.1 Bitcoin = $6k Notional, with margin requirement of $2520,

FuturesTrader71 

Although I would welcome any micro-product in futures to help traders deleverage and reduce risk, I would draw your attention to the fee structure for this product before you decide to go scalp it or even trade it intraday.

Unless I'm missing something the CME FAQ refers you to a CME Fee File that is effective 4/1/21 and as such does not have the Micro fees in it??

SMCJB 

Unless I'm missing something the CME FAQ refers you to a CME Fee File that is effective 4/1/21 and as such does not have the Micro fees in it??

I see the same. I'm sure some more details are forthcoming. I simply didn't want NexusFi traders to believe that the cost structure supports scalping this product. I may be wrong.

Good Advice @FuturesTrader71. With the wide Bid/Ask (often 8/10 ticks on full size) it may look attractive, but it moves/gaps quickly, and Exchange and Broker fees are higher than most contracts. (At least for the full size).

Nothing (futures related) is worth scalping unless one holds a seat and gets reduced fees.

Folks are kidding themselves like the Robinhood crowd that is trading commission-"free".

SunTrader 

Nothing (futures related) is worth scalping unless one holds a seat and gets reduced fees. Folks are kidding themselves like the Robinhood crowd that is trading commission-"free".

And what about guys who trade on 100 lots and scalp 10-15-20 points a day SUCCESSFULLY?

Sent using the NexusFi mobile app

lightsun47 

And what about guys who trade on 100 lots and scalp 10-15-20 points a day SUCCESSFULLY? Sent using the NexusFi mobile app

Yep, and can be done with a lot less contracts and a bit fewer points per day...just gotta know how!!

lightsun47 

And what about guys who trade on 100 lots and scalp 10-15-20 points a day SUCCESSFULLY? Sent using the NexusFi mobile app

100 lots @10-15-20 points a day is not scalping.

That is called highly improbable to it day after day.

Don't believe everything you see on youtube.

Totally agree spreads and fees will make all the difference, otherwise I think it is an great idea

SunTrader 

100 lots @10-15-20 points a day is not scalping. That is called highly improbable to it day after day. Don't believe everything you see on youtube.

Check your PM.

Sent using the NexusFi mobile app