Forex E-micro futures - Launched today 3/23/09 | Forex Factory

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Attachments: Forex E-micro futures - Launched today 3/23/09
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Forex E-micro futures - Launched today 3/23/09

  • #1
  • First Post: Mar 23, 2009 8:35pm Mar 23, 2009 8:35pm
If the volume picks up this is something to keep an eye on.

http://www.cmegroup.com/trading/fx/f...-e-micros.html
  • #2
  • Mar 23, 2009 9:00pm Mar 23, 2009 9:00pm
Looks like the micro lots have some market makers invloved. Attached is a screen shot. The spreads are wide but it is good to see
Attached Image (click to enlarge)
Click to Enlarge Name: 032309MicroFx.JPG Size: 131 KB
  • #3
  • Mar 23, 2009 11:12pm Mar 23, 2009 11:12pm
I agree, this is good to see. I would prefer to trade forex through a centralized clearing house like CME but I would have to see these spreads tighten and they would have to offer more pairs. I would be surprised to see these contracts take off. I realize this is their first trading day but four pips on the Euro plus a broker commission!
  • #4
  • Mar 23, 2009 11:17pm Mar 23, 2009 11:17pm
wats the broker commission like ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #5
  • Mar 23, 2009 11:29pm Mar 23, 2009 11:29pm
Quoting maheswara
wats the broker commission like ?
The micro's aren't yet listed at Tradestation or IB so I don't know, but it has got to be at least $3 per lot round turn. Add the spread and that is a lot more expensive then almost any FCM dealer. The one nice thing is that you can post a bid or offer inside the spread. I will keep an eye on these over time and we will see.
  • #6
  • Mar 23, 2009 11:39pm Mar 23, 2009 11:39pm
Quoting Eric615
The micro's aren't yet listed at Tradestation or IB so I don't know, but it has got to be at least $3 per lot round turn. Add the spread and that is a lot more expensive then almost any FCM dealer. The one nice thing is that you can post a bid or offer inside the spread. I will keep an eye on these over time and we will see.

thanks for the info :nerd:
To Live is the rarest thing in the world , Most people exist , that is all
  • #7
  • Last Post: Mar 26, 2009 3:37pm Mar 26, 2009 3:37pm
HI, i have been following this release closely.....after discussions with CME i was able to get the following information:

Their are numerous market makers coming online and they will bring the spread to the same tightness as their large contract EUR/USD 1 pip.

Also if you shop around you can get commissions for 1.14 r/t....remember this contract is 12,500 not 10,000 lot.

Lets hope this offering from CME is a huge success...looking forward to trading on an exchange and with real order entry systems.......
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