Trade Small Exchange Futures
with Interactive Brokers
Use advanced trading technology to gain access to a range of markets.
Why Trade on the Small Exchange1
with Interactive Brokers?
Interactive Brokers clients trading on the Small Exchange can trade small, standard and simple futures products for the lowest commissions and margin rates.2
The Small Exchange provides traders with access to a diverse markets that are smaller than traditional futures while subscribing to the same tick size and expiration.
| Futures Product | TWS Ticker |
|---|---|
| Small 2 Year US Treasury Yield | 2YSME |
| Small 10 Year US Treasury Yield | 10YSME |
| Small 30 Year US Treasury Yield | 30YSME |
| Small Stock 75 | 75SME |
| Small US Dollar | FXSME |
| Small Precious Metals | PRESME |
| Small US Crude Oil | SMO |
| Small Technology 60 | STXSME |
In addition, the Small Exchange also offers a lifetime subscription3 that provides exclusive content and even lower exchange and market data fees. Visit the Small Exchange Subscriber Portal to learn more.
About the Small Exchange
Small.
The Size
Each product has smaller proportions than existing futures and more efficient margining than traditional stocks and ETFs.
SMFE
ETF
Capital
Required
1-10%
50-100%
Cheaper than stocks and ETFs.
SMFE
Futures
Size
±$40 - $100
±$500 - $1,500
Smaller than traditional futures.
Standard.
The Construction
The build behind all Small Exchange products is standard, so you can focus
on trading, not studying.
Tick Sizes
GOLD
STOCKS
ALL
SMALLS
EURO
All Smalls move in
0.01 increments that equal $1.
Expiration
All Smalls expire on the
third Friday of the month.4
Simple.
The Products
The concept at the center of each product is simple, making your trip from inspiration to execution as short as possible.
Interactive Brokers
Low Commissions
Buy and sell futures at commission rates that are among the lowest in the online trading industry.
Contracts in Every Major Asset Class
Hedge a position or speculate on price movements with the following futures contracts:
- Agriculturals – Livestock, Grains and others
- Currencies
- Energy – Crude Oil, Natural Gas and others
- Equity Indices
- Fixed Income
- Interest Rates
- Metals – Precious, Base and others
- Narrow-based Indices
- Single-Stock Futures
Open an Account
Interactive Brokers is an automated global electronic broker that serves individual investors, hedge funds, proprietary trading groups, registered investment advisors and introducing brokers.
Our four-decade focus on technology and automation allows us to provide our clients with a sophisticated, global trading platform with the lowest costs for managing investments. IBKR clients enjoy access to stocks, options, futures, currencies, bonds and funds on over 150 markets in 33 countries.
Learn why Barron’s rated IBKR as "Rated #1 – Best Online Broker" in 2020. Read the full article
Open an AccountAlready a Client?
If you are an IBKR client with Futures trading permission, you already have permission to trade the Small Exchange. If you would like to request Futures trading permission, simply log in to Client Portal to request the permission from the Settings > Account Settings > Trading Experiences & Permissions menu.
Add PermissionDisclosures:
- Interactive Brokers Group, Inc., the parent company of Interactive Brokers, LLC, is a minority owner of Small Exchange Inc.
- The venue is only available for trades executed and cleared at Interactive Brokers. Execution only or Prime Broker services for the Small Exchange are not currently offered.
- Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020. Read the full review.
- Clients obtain their Lifetime status directly from the Small Exchange. Once obtained, contact memberpricing@ibkr.com to have the Small Exchange Lifetime subscription discount applied to your account.
- Except SMO. For expiration date details, visit the SMO product page.