CME Forex E-micro Futures

[brownsfan019 17]

Forex e-micro futures at CME

 

Neat idea of a product and Open ECry will be offering the CME Micro FX at $0.50 per side plus fees. My understanding is the CME will be discounting the exchange from $0.16 per side to $0.06 per side for the first six months. This would make the total per side only $0.56 all-in. This is the best I have found anywhere. Will keep you posted.

 

http://www.openecry.com

[BlowFish 10]

It is a neat idea. This could easily put a dent in the bucket shops business if liquidity builds up. One to watch.

[daedalus 10]

This is insanely cool! I'd love to trade forex again but I don't want to have to open separate brokerage accounts all over again. And I didn't want to trade futures because quite frankly that was too much size for me on 1 standard lot. But if we can have "mini" lots now (1/10th of spot standard correct?) then that would be awesome!

 

I didn't see it in the press release but are the markets the same or are these separate sub symbols that might now have much liquidity? Basically is it set like spot forex where its all the same market and I have to just specify my lot size or will it be like gold with a big and small contract?

[brownsfan019 17]

I agree, if it can get some volume and head wind, could make for a possible market to trade.

[BlowFish 10]

Looks like separate symbols though some are fungible (a bit like the ES and S&P). It looks like a couple aren't in the small print, to be honest I couldn't work out why, something to do with margin it appeared.

[jasont 10]

I must say the introduction of the E-Micro is great. It opens up the door for smaller FX traders without being fed to the Spot FX shark operators. At $1.25 per pip on the USD/EUR instead of $12.50 per pip, it allows one to position size much better.

 

I had been holding off trading the FX market due to a) not wanting to trade the E-Mini due to size per pip considering the volatility and b) not wanting to give my money to the Spot Operators as well, trust levels are low when there are so many dodgy operators in the business. Now that both of these areas are addressed with the CME, it is simply up to the liquidity being there and I may have another market area to trade .