CME Group Launched Micro E-mini Futures

CME Group has expanded its product suite with new micro E-mini futures, giving traders easy access to the equity index futures markets at a lower risk.

 

Watch the official CME announcement below:

 

 

With multipliers 1/10th the size of existing E-mini counterparts, micro E-mini contracts make the futures markets more accessible than ever before.

 

CME Group’s new offerings include:

  • Micro E-mini S&P 500 futures
  • Micro E-mini Nasdaq-100 futures
  • Micro E-mini Dow futures
  • Micro E-mini Russell 2000 futures

 

Micro E-mini vs. Standard E-mini multiplier comparison. Source: CME Group

 

Trading Micro E-Mini with Bookmap

Bookmap allows trading of mini or micro instruments (e.g. Micro E-mini S&P 500 future) from the chart of the corresponding major instrument (e.g. E-Mini S&P 500 future). An “M” will appear before each micro-instruments symbol name (e.g. MESM9 for June’s Micro ES contracts). Eligible pairs are predefined and cannot be chosen by the trader. If an instrument is eligible, the symbol box on the Trading Configuration Panel will include both the major and the mini or micro instrument.

 

To trade micro/mini instruments from within the major instrument chart, traders must first subscribe to a micro/mini instrument through the Bookmap control window. After subscription, both instruments will appear active in the symbol box on the Trading Configuration Panel. Simply activate the instruments and click Start in the Bookmap interface to begin cross-instrument trading. Whichever instrument’s symbol appears in the symbol box is active for trade.

 

If the tick sizes of the major instrument and the mini (or micro) instrument differ, the selected price on the major instrument’s chart will be rounded to the next value compatible with the corresponding mini (or micro) instrument. Using the Round box on the Trading Configuration Panel, traders can define whether to round the price into the market (TO) or away from the market (OFF).

 

To view the available pairs for cross instrument trading click File >> List of cross instrument trading pairs.

 

Here is a video that demonstrates cross instruments trading with Bookmap.

 

 

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