Use micro futures and options to trade a slice of the liquid futures and options markets with the same efficiency as standard contracts with less upfront commitment.
Meet Micro E-mini futures on the S&P 500, Nasdaq-100, Dow Jones Industrial Average and Russell 2000 indices, the next big thing in equities trading, designed with the active individual trader in mind. Discover the benefits of futures, for a fraction of the upfront financial commitment.
At 1/10th the size of their classic E-mini counterparts, Micro E-mini futures make it easier for a broader universe of traders to discover the benefits of trading futures. Trading began May 6, 2019 with the launch of four index contracts:
These four contracts join our existing offering of Micro E-mini futures contracts for
Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com
Although the size of the Micro E-mini contracts are 1/10th the size of their classic E-mini counterparts, pricing may not exactly track the pricing of the E-mini futures.
Introducing Micro E-mini options on the S&P 500 and Nasdaq-100 indices. Add the flexibility and limited downside risk of options in a smaller notional size that requires less margin and premium to trade.
These options settle into Micro E-mini futures, which are 1/10th the size of E-mini futures and offer the access to the same underlying market. The smaller size enables you to fine-tune your index exposure for greater control over the risk/reward ratio of your investment.
Options and Futures: Options and Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading options read the "Characteristics and Risks of Standardized Options." Before trading futures, please read the CFTC Risk Disclosure. Copies of these disclosures are available at ibkr.com
Although the size of the Micro E-mini contracts are 1/10th the size of their classic E-mini counterparts, pricing may not exactly track the pricing of the E-mini futures.
At 1/10 the size of the benchmark WTI futures contract, Micro WTI Crude Oil futures offer active traders a more precise tool for managing crude oil exposure without sacrificing transparency.
Micro WTI Crude Oil Futures | E-Mini WTI Crude Oil Futures | WTI Crude Oil Futures | |
---|---|---|---|
Contract Size |
100 barrels |
500 barrels |
1,000 barrels |
Ratio to Standard Contract |
1/10 |
½ |
1 |
Minimum Tick Increment |
USD 0.01 per barrel |
USD 0.025 per barrel |
USD 0.01 per barrel |
Dollar Value of One Tick |
USD 1 per contract |
USD 12.50 per contract |
USD 10 per contract |
Product Code |
MCL |
QM |
CL |
Settlement |
Financial |
Financial |
Physical |
Trading Hours |
CME Globex: Sun-Fri: 5pm to 4pm Central Time (CT) Mon-Fri: 60-minute daily trading halt beginning at 4pm CT. |
||
Listing Exchange |
NYMEX |
Micro WTI Crude Oil futures will be listed as a monthly contract, expiring the day before the standard counterpart.
Cash-settled Micro Treasury Yield futures offer a streamlined way to trade interest rate markets with contracts based directly on yields of the most recently auctioned Treasury securities at four key tenor points on the curve.
per contract
plus exchange and regulatory fees
Micro 2-Year Yield Futures | Micro 5-Year Yield Futures | Micro 10-Year Yield Futures | Micro 30-Year Yield Futures | |
---|---|---|---|---|
Product Code |
2YY |
5YY |
10Y |
30Y |
Settlement |
Cash-settled to BrokerTec 2-Year benchmark |
Cash-settled to BrokerTec 5-Year benchmark |
Cash-settled to BrokerTec 10-Year benchmark |
Cash-settled to BrokerTec 30-Year benchmark |
Price Convention |
US Treasury Yield |
|||
Contract Size |
$10.00 DV01 |
|||
Tick Size |
$1.00 (1/10 of 1 bp) |
|||
# of Expiries |
2 nearest monthly contracts |
|||
Termination |
Last Business Day of Month |
PB About Eurodollar Packs and Bundles
Eurodollar Packs allow you to simultaneously buy or sell an equally weighted, consecutive series of four Eurodollar futures contracts. There are always 37 Packs listed for trading at a given time, designated by a color code that corresponds to their position on the yield curve.
Eurodollar Bundles allow you to simultaneously buy or sell consecutive series of Eurodollar futures in equal proportions, typically beginning with the front quarterly contract. This means that a 5-year “strip” comprised of 20 individual contracts can be executed with just one transaction.
Find the liquidity to execute the trading strategies you want—when you want—at the most efficient price. Global benchmark products in every major asset class mean you can act quickly to capture opportunities or minimize risk in the markets you trade.
Interactive Brokers (Nasdaq: IBKR) 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 cryptocurrencies, stocks, options, futures, currencies, bonds, funds and more on over 150 markets in 33 countries.
Learn why Barron’s rated IBKR as "Rated #1 – Best Online Broker" in 2023. Read the full article
Open an AccountIf you are an IBKR client with Futures trading permission, you can already trade CME Group futures. If you do not have Futures trading permissions, simply log in to Client Portal and request Futures trading permissions from the Settings > Account Settings > Trading Experiences & Permissions menu item.
Add Permission