About the E-Micro FX Futures Market
Overview
1/10th the standard contract size
E-Micro FX Futures are 1/10th of the size of standard Forex futures and have 1/10th the risk exposure (comparing an equal number of Forex futures contracts and E-Micro contracts, the E-Micro contracts would have smaller risk because of their smaller size).
Six Currency Pairs
Trade EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, and USD/CHF.
Security
CME Group provides security through centralized clearing, guaranteed counterparty credit and segregation of customer funds.
Largest Regulated Forex Market
E-Micro FX Futures are traded on exchange with the Chicago Mercantile Exchange, which is regulated by the Commodity Futures Trading Commission. With more than $100 billion in daily liquidity, CME Forex is the largest regulated Forex marketplace in the world. The CME Forex product suite consists of 49 futures and 32 options contracts based on 20 currencies.
E-Micro FX Futures Contract Specifications
E-Micro EUR/USD | E-Micro USD/JPY | E-Micro GPB/USD | |
Contract Size | 12,500 euros | 10,000 US dollars | 6,250 British pounds |
Delivery | Cash settled | Cash settled | Cash settled |
Minimum Tick Size | 0.001 USD/EUR (= US$1.25) |
0.01 JPY/USD (= ¥100) |
0.0001 USD/GBP (= 1.00 CAD) |
Contract Value | If USD/EUR = 1.3000 then contract = $16,250 (= €12,500 x $1.3000/€) | If JPY/USD = 93.00 then contract = ¥930,000 (= $10,000 x 93.00¥/$) | If USD/GBP = 1.5000 then contract = $9,375 (= £6,250 x $1.5000/£) |
Ticker Symbols | M6E | M6J | M6B |
Contract Months | Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) | ||
Last Trade Date/Time | 9:16 am on the second business day immediately preceding the third Wednesday of the contract month (usually Monday) | ||
Trading Hours | Sundays: 5:00 pm - 4:00 pm the next day Monday - Friday: 5:00 pm - 4:00 pm the next day, except on Friday, which closes at 4:00pm and reopens Sunday at 5:00 pm |
E-Micro USD/CAD | E-Micro AUD/USD | E-Micro USD/CHF | |
Contract Size | 10,000 US dollars | 10,000 Australian dollars | 10,000 US dollars |
Delivery | Cash settled | Cash settled | Cash settled |
Minimum Tick Size | 0.0001 USD/AUD (= 1.00 CAD) |
0.0001 USD/AUD (= US$1.00) |
0.0001 CHF/USD (= 1.00 CHF) |
Contract Value | If CAD/USD = 1.2500 then contract = 12,500 CAD (= $10,000 x 1.2500 | If USD/AUD = 0.6600 then contract = US$6,600 (= 10,000 AUD x US$0.6600/AUD) | If CHF/USD = 1.2000 then contract = 12,000 CHF (= $10,000 x 1.2000 CHF/$) |
Ticker Symbols | M6C | M6A | M6S |
Contract Months | Two months in the March quarterly cycle (Mar, Jun, Sep, Dec) | ||
Last Trade Date/Time | 9:16 am on the business day immediately preceding the third Wednesday of the contract month (usually Tuesday) | 9:16 am on the second business day immediately preceding the third Wednesday of the contract month (usually Monday) | 9:16 am on the second business day immediately preceding the third Wednesday of the contract month (usually Monday) |
Trading Hours | Sundays: 5:00 pm - 4:00 pm the next day Monday - Friday: 5:00 pm - 4:00 pm the next day, except on Friday, which closes at 4:00pm and reopens Sunday at 5:00 pm |