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Indeed. I initially signed up to be a member the day before I traded my first live trade, around Jan 4 2019. I was really excited about this at the time because I was about to switch from sim-trading to actually trading the ES with real money and I thought these smaller contracts sounded amazing. This was obviously before the E-Micros emerged around May 2019.
They still haven't contacted me to collect the $100.00 to be an official member and I think I was pretty early on the list. A lot of the site is a work-in-progress too. I don't see anything on their calendar about going live and the fees aren't provided yet:
I don't know if their offer below I first saw last year is still on or not, excerpt:
"Pay once. Save every time you trade the Smalls. A one-time payment of $100 gets you:
A Lifetime Subscription. No annual or renewal fees.
50% off exchange fees. Give up less to place trades.
Reduced market data fees. See our quotes for less.
In my case, I signed up back in early January of last year because the small contracts (which hadn't been defined yet, only that they would be ~1/10 the size of the standard corresponding contracts) sounded like a great way to learn about different instruments in different asset-classes. The CME had not created the E-Micros yet so this was a novel idea to me at the time as a new trader.
To be fair, I'm feeling mixed about it now. I don't know if a composite or "global" oil or precious metals contract will have the same "feel" as CL or GC (ie. like what MES is to ES) or if I even have the same learning needs I had early last year. I think they sound interesting nonetheless and if I get the reduced-fees deal I will probably try it out.
It was never about the cheapness of the commissions/fees for me though, it was about the opportunity to learn at less overall risk. I would say some of my perspective on this has changed with time and some more trading experience. I know very little about trading interest-rate futures so maybe the S10Y would be good for that, who knows, maybe I should bite the bullet and trade /ZB or /ZN. But I always thought of these contracts more as tools for learning/experience/scaling-up and never really cared about the commissions, etc.
