Forex E-micro Futures
CME Group announces the launch of Forex E-micro Futures
1/10 the standard contract size. Six Currency Pairs. Quoted in Interbank Terms.
CME Group announced plans today to launch six different Forex E-micro futures contracts by the end of the first quarter. With the addition of these new products, the CME FX product suite will consist of 49 futures and 32 options based on 20 currencies. These smaller sized contracts are a cost-effective way to access the security, transparency and liquidity of CME's FX Products.
The Forex E-micro futures will be one-tenth the size of our standard FX futures contracts, making them attractive to Active Individual Traders, Commodity Trading Advisors (CTAs) and Small Medium Enterprises (SMEs). The contracts will be exclusively traded on the CME Globex electronic trading platform, the world's largest regulated FX marketplace, which also offers the security of centralized clearing and guaranteed counterparty credit.
The Forex E-micros will be quoted in Interbank terms and contracts will be launched in the following six currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, USD/CHF
So does this mean that you'll be paying 10 times the commission to trade the same
"So does this mean that you'll be paying 10 times the commission to trade the same number of contracts? "