Micro Index Futures

Posted years ago about the ill fated Micro FX futures (What a joke the liquidity was on those)

Hopefully these puppies will be better launched.

I am not (yet) a Futures trader - still trading the Spot and CFD markets, but My sources say that the MICRO Currency futures don't have too bad liquidity - unlike the MINI Currency Futures which are so bad that hardly any Brokers bother to offer them.

The 1/10th standard sized contracts offer big advantages to those who can currently only afford to trade 1 or 2 standard contracts, including better trade management (multiple entries, taking partial profits and locking in a no-lose on the remainder. Also multiple exits, using multiple Profit Take levels or just running a final unit until Value/Price Action/Order Flow goes against you.

Many people underestimate how much easier and more profitable trading can be when able to use multi-unit positions.

1/10th sized contracts also provide much better opportunities for compounding of accounts. It is almost impossible to compound an account if all you can afford to start with is a single contract size.

Cheers Ian,
not looked at them for a while truth be told. I might take another look.

check out this tho https://www.thesmallexchange.com/

New exchange planned with a whole bunch of small instrument.... hence the name ! ;()

Interesting, but I guess it is very early days yet.
First they need to get approval, then they need to get at least one Datafeed company on board, then they need some Brokers on board.

For those interested in the new Micro E-mini Futures launching on 6th May, here is a link for a webinar on them by David Lerman, senior director of education at the CME group on Thursday April 25th at 11am Eastern Time (10:00 Central Time) https://infinityfutures.com/webinarsLerman425.aspx

Cheers.

These are looking better and better. Cannot wait to get people off CFDs and onto exchange traded instruments!

I attended the webinar and didn't learn much more except that they will have Market Makers for the Micro E-Mini futures.
How many they get and how many they will have on Day1 (6th May) is not yet known.
David Lerman said they were hoping to get 10 to 15 Market Makers signed up. I'm not sure if that was in total across all 4 new micros, or just for the micro e-mini S&P.

Here are the screenshots I took of the webinar:





....more on next post

Screenshots from the CME webinar on the new Micro S&P, Nasdaq, Dow and Russell2000 indices continued:

From a member of my Self Help Group for Sharp Edge students:

AMPs pricing:
CME E-Micro Exchange-traded Futures contracts are available to trade starting Sunday Market Open: May 5, 2019 - 5pm Chicago (CST)
Micro E-mini S&P 500 futures
Micro E-mini Nasdaq-100 futures
Micro E-mini Dow futures
Micro E-mini Russell 2000 futures
Total Commissions (All Fees Included) all 4 CME E-Micro Indices = $0.37 per contract / per side
New Account Minimum to get started only $25.00
Day Trade Margins
Micro E-mini S&P 500 : MES = $40.00
Micro E-mini Nasdaq-100: MNQ = $50.00
Micro E-mini Dow: MYM = $50.00
Micro E-mini Russell 2000: M2K = $25.00

No apologies for going off topic.
Off topic, but how about instead of just making money from it.
Why not help by joining international volunteer group to stop the Covid-19 outbreak?
See this Twitter thread: https://twitter.com/yaneerbaryam/sta...67530638282752
They have a group Slack workspace, which I have joined, for organising and sharing ideas.

They are looking for organising skills, technical skills down to people to deliver food to those self isolating and vulnerable, or just people with contacts/influence to find others with skills etc.