Aug 7 CME Micro Crude

O

oldtime

Even if it only trades one contract like most of the ideas from the CME braintrust, the first contract is going to be mine.

Because even a single QM is too volatile for my itty bitty account without all kinds of complicated hedging.

I guess it trades on Clearport, not sure how that is different from Globex, and not even sure if my broker does it.

But I think it's a great idea, because who isn't affected by CL? Even if all you do is fill up the Silverado and drive to Walmart once a week.
 
lol apparently the value of the contract is the actual value of oil. so if oil is worth $100, the contract is worth $100.

Tick size is one penny :D

this will be interesting..... lol first day of the new contract 100 000 contracts might be done...not bad

Hmm apparently it will be traded on the floor of the NYMEX as well...maybe they are trying to get the average joe back to the floor?
 
Quote from heech:

Clearport = OTC trading. You aren't trading OTC if you don't have $10 million+ in assets.
More...

u dont need 10mil for clearport
 
Some of the contracts have daily moves that scare even the well healed, like the Softs, Rice and energy like NG, Crude, so it would make sense to split them or offer mini versions.

One would achieve similar results (less leverage though) trading some of the ETNs.

I would be kind of curious to see if the other exchanges take notice.

222bc
 
Quote from heech:

Clearport = OTC trading. You aren't trading OTC if you don't have $10 million+ in assets.
More...
ok, so now I got it. The CME is offering micro contracts for traders who only have $10 million+ in assets.

Well that's good, somebody needs to be looking out for the little guy.
 
You must log in or register to reply here.
Back
Top