CME e-micro futures
- Thread starter ssbc19
- Start date
If the spread stays around 2 pips for M6E and the RT trading costs is approx $1 round turn it becomes a viable FX instrument. Almost the same as a 3 pip bucketshop but with:
#1. Regulated Exchange:
#2. FIFO Order Book
#3. Ability to hedge risk with 6E Options.
#4. 5 levels of depth of market data: soon to be 10.
#5. Platform agnostic.
#6: Globex feeds and data
#7: No overnight interest (Not sure)
The equivalent 6E contract RT is about $4 this seems to be around $10. 200x margin:: $650 overnight margin... Intraday as little as $65: Your gonna have a plethora of $500 newbie blow-ups that the bucketshops are counter parties to... pocketing all $500...
CME's got their act together... I would think the volume can be rolled into the emini equivalent. Just seems like a fractional futures contract. Not a bad idea...
#1. Regulated Exchange:
#2. FIFO Order Book
#3. Ability to hedge risk with 6E Options.
#4. 5 levels of depth of market data: soon to be 10.
#5. Platform agnostic.
#6: Globex feeds and data
#7: No overnight interest (Not sure)
The equivalent 6E contract RT is about $4 this seems to be around $10. 200x margin:: $650 overnight margin... Intraday as little as $65: Your gonna have a plethora of $500 newbie blow-ups that the bucketshops are counter parties to... pocketing all $500...
CME's got their act together... I would think the volume can be rolled into the emini equivalent. Just seems like a fractional futures contract. Not a bad idea...
Didn't realize these e-micro's just launched monday. Anticipate they will scale up nicely over the next 30 days.
Appears to be the same contract spec as their e-mini counterparts except 10% the size... ie. $125 a point instead of $1250 (6E / M6E). There's your .1 pip.
$1 a contract commission and exchange fees seems competitive compared to 2 - 3 pips. I don't think most people playin the spot game realize they are trading against their broker and their tweaked data feed. Pretty obvious conflict of interest.
Appears to be the same contract spec as their e-mini counterparts except 10% the size... ie. $125 a point instead of $1250 (6E / M6E). There's your .1 pip.
$1 a contract commission and exchange fees seems competitive compared to 2 - 3 pips. I don't think most people playin the spot game realize they are trading against their broker and their tweaked data feed. Pretty obvious conflict of interest.