CME Group Futures Trading
Trade CME Group Futures
with Interactive Brokers
Access a wide range of products with a comprehensive
suite of trading tools, algorithms and order types.
Use micro futures and options to trade a slice of the liquid futures and options markets
with the same efficiency as standard contracts with less upfront commitment.
CME Group Micro E-mini Equity Index Contracts Available at IBKR at Low Cost
CME Group Equity Index futures and options offer around-the-clock liquidity, market depth, and extensive product choice on the world's benchmark indices to suit a variety of trading strategies. Capitalize on potential margin offsets on futures and options strategies, advanced on-screen spreading capabilities, and the certainty of central clearing.
Micro Futures Benefits
-
1/10 the Size
At 1/10 the size of the standard-sized contracts, traders can fine tune their exposure to fit their risk appetite
-
Capital Efficiency
Futures contracts have unique margin requirements that allow traders to use less capital to place trades
-
Around-the-clock Access
Futures contracts are tradeable nearly 24 hours a day, providing access when other markets are closed
-
Price Discovery & Transparency
Trade on a regulated exchange and enjoy the transparency of futures, where all traders see the same prices and quotes
CME Micro E-mini Equity Index Futures Contracts
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Micro E-mini S&P 500 Futures and Options
Trade exposure to U.S. large-cap stocks, leading barometer of U.S. stock market
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Micro E-mini Russell 2000 Futures and Options
Trade exposure to 2,000 U.S. small-cap stocks with the leading small-cap benchmark
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Micro E-mini Nasdaq-100 Futures and Options
Trade exposure to largest non-financial companies in the Nasdaq stock market
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Micro E-mini Dow Jones Industrial Average Futures and Options
Trade exposure to 30 U.S. blue-chip companies, widely followed indicator of U.S. stock market
Low Cost
Commissions
USD 0.10 to 0.25
per contract
plus exchange and regulatory fees
Contract Specifications
| Micro E-mini S&P 500 | Micro E-mini Nasdaq-100 | Micro E-mini Russell 2000 | Micro E-mini Dow | |
|---|---|---|---|---|
| Contract Size | USD 5 × S&P 500 Index | USD 2 × Nasdaq-100 Index | USD 5 × Russell 2000 Index | USD 0.50 × DJIA Index |
| Trading Hours / Clearing Hours | CME Globex and ClearPort: 5:00 p.m. to 4:00 p.m., Sunday-Friday | |||
| Minimum Price Fluctuation | Outright: 0.25 Index points, equal to USD 1.25 per contract. |
Outright: 0.25 Index points, equal to USD 0.50 per contract. |
Outright: 0.10 Index points, equal to USD 0.50 per contract. |
Outright: 1.00 Index points, equal to USD 0.50 per contract. |
| Product Code | CME Globex: MES CME ClearPort: MES Clearing: MES |
CME Globex: MNQ CME ClearPort: MNQ Clearing: MNQ |
CME Globex: M2K CME ClearPort: M2K Clearing: M2K |
CME Globex: MYM CME ClearPort: MYM Clearing: MYM |
| Contract Months | Five months in the March Quarterly Cycle H, M, U, Z, H (March, June, September, December, March) |
Four months in the March Quarterly Cycle (March, June, September, December) | ||
| Delivery | Delivery is by cash settlement by reference to Final Settlement Price, equal to Special Opening Quotation of Index based on opening prices of Index component stocks. | |||
| Termination of Trading | 8:30 a.m. CT on 3rd Friday of contract delivery month Trading in expiring futures terminates at 8:30 am on Last Day of Trading. |
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Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure
Although the size of the Micro E-mini contracts are 1/10th the size of their classic E-mini counterparts, pricing may not exactly track the pricing of the E-mini futures.
CME Group Micro Energy Contracts Available at IBKR at Low Cost
Trade global benchmark products and take advantage of tight bid/ask spreads in the world's most extensive and liquid energy marketplace.
Micro Futures Benefits
-
1/10 the Size
At 1/10 the size of the standard-sized contracts, traders can fine tune their exposure to fit their risk appetite
-
Capital Efficiency
Futures contracts have unique margin requirements that allow traders to use less capital to place trades
-
Around-the-clock Access
Futures contracts are tradeable nearly 24 hours a day, providing access when other markets are closed
-
Price Discovery & Transparency
Trade on a regulated exchange and enjoy the transparency of futures, where all traders see the same prices and quotes
CME Micro Energy Futures Contracts
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Micro WTI Futures and Options
Gain direct exposure to the crude oil market using CME Group West Texas Intermediate (WTI) Light Sweet Crude Oil futures, the world’s most liquid oil contract. WTI Crude Oil futures and options are the most efficient way to trade the largest light, sweet crude oil blend.
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Micro Natural Gas Futures
Manage risk using highly liquid Henry Hub Natural Gas futures and options. Quickly get in and out of positions with one of the largest physical commodity futures contracts in the world by volume, or customize your trading strategies with American, calendar spread, European or daily options.
Low Cost
Commissions
USD 0.10 to 0.25
per contract
plus exchange and regulatory fees
Micro WTI Crude Oil Futures - Contract Specifications
| Contract Unit | 100 barrels |
| Price Quotation | U.S. dollars and cents per barrel |
| Trading Hours |
CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.01 per barrel = $1.00 |
| Product Code |
CME Globex: MCL CME ClearPort: MCL Clearing: MCL TAS: MCT |
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month will be equal to the Light Sweet Crude Oil Futures contract final settlement price for the corresponding contract month on the last trading day for the Micro WTI Crude Oil Futures contract month. |
| Termination of Trading | Trading terminates 1 business day before the corresponding CL contract month or 4 business days before the 25th calendar of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 5 business days before the 25th calendar day of the month prior to the contract month. |
| TAM or TAS Rules |
Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price. TAS Table |
| Settlement Procedures | Crude Oil Futures Settlement Procedures |
| Position Limits | NYMEX Position Limits |
| Exchange Rulebook | NYMEX 309 |
| Block Minimum | Block Minimum Thresholds |
| Price Limit or Circuit | Price Limits |
| Vendor Codes | Quote Vendor Symbols Listing |
Micro Henry Hub Natural Gas Futures - Contract Specifications
| Contract Unit | 1,000 MMBtu |
| Price Quotation | U.S. dollars and cents per MMBtu |
| Trading Hours |
CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m. CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. – 5:00 p.m. CT |
| Minimum Price Fluctuation |
CME Globex: Intercommodity spreads: 0.00025 per MMBtu = $0.25 Outright: 0.001 per MMBtu = $1.00 |
| Product Code |
CME Globex: MNG CME ClearPort: MNG Clearing: MNG |
| Listed Contracts | Monthly contracts listed for 24 consecutive months |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading terminates on the 4th last business day of the month prior to the contract month. |
| Settlement Procedures | Natural Gas Futures Settlement Procedures |
| Position Limits | NYMEX Position Limits |
| Exchange Rulebook | NYMEX 440 |
| Block Minimum | Block Minimum Thresholds |
| Price Limit or Circuit | Price Limits |
| Vendor Codes | Quote Vendor Symbols Listing |
Micro WTI Crude Oil futures will be listed as a monthly contract, expiring the day before the standard counterpart.
CME Group Micro Metals Contracts Available at IBKR at Low Cost
Express a view on the both precious and industrial metals markets or trade inter-market metal spreads. Explore the variety of micro contracts, allowing you to add more precision to your metals portfolio.
Micro Futures Benefits
-
1/10 the Size
At 1/10 the size of the standard-sized contracts, traders can fine tune their exposure to fit their risk appetite
-
Capital Efficiency
Futures contracts have unique margin requirements that allow traders to use less capital to place trades
-
Around-the-clock Access
Futures contracts are tradeable nearly 24 hours a day, providing access when other markets are closed
-
Price Discovery & Transparency
Trade on a regulated exchange and enjoy the transparency of futures, where all traders see the same prices and quotes
CME Micro Metals Futures Contracts
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Micro Gold Futures and Options
Micro gold futures and options provide global price discovery and opportunities for portfolio diversification by presenting a pure play trade on the price of gold, which offers ongoing trading opportunities, as gold prices respond quickly to political and economic events.
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Micro Silver Futures
Possessing both precious and industrial metals characteristics, Micro Silver futures and options allows traders a flexible way to gain exposure to this versatile metal.
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Micro Copper Futures
As a critical metal in the industrial world, copper is often referred to as ‘Dr. Copper’ as it is widely recognized as an indicator of global economic health.
Low Cost
Commissions
USD 0.10 to 0.25
per contract
plus exchange and regulatory fees
Contract Specifications
| Micro Copper | Micro Gold | Micro Silver | |
|---|---|---|---|
| Underlying Market | Copper, a widely used base metal | Gold, a widely used precious metal | Silver, a widely used precious metal |
| Contract Size | 2,500 pounds | 10 troy ounces | 1,000 troy ounces |
| Ratio to Standard Contract | 1/10 of Copper futures | 1/10 of COMEX Gold futures | 1/5 of COMEX Silver futures |
| Minimum Tick/Price Fluctuation | $0.0005 per pound | $0.10 per troy ounce | $0.01 per troy ounce |
| Dollar Value of One Tick | $1.25 per contract | $0.10 per troy ounce | $10 per contract |
| Product Code | MHG | MGC | SIL |
| Settlement | Financial | Physical | Physical |
| Trading Hours | Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT | ||
CME Group Micro FX Contracts Available at IBKR at Low Cost
Manage FX exposure in our highly liquid marketplace using our cleared and listed futures and options. Benefit from open and transparent pricing to identify opportunities and find efficient alternatives to forwards, swaps, and options.
Micro Futures Benefits
-
1/10 the Size
At 1/10 the size of the standard-sized contracts, traders can fine tune their exposure to fit their risk appetite
-
Capital Efficiency
Futures contracts have unique margin requirements that allow traders to use less capital to place trades
-
Around-the-clock Access
Futures contracts are tradeable nearly 24 hours a day, providing access when other markets are closed
-
Price Discovery & Transparency
Trade on a regulated exchange and enjoy the transparency of futures, where all traders see the same prices and quotes
CME Micro FX Futures Contracts
-
Micro EUR/USD Futures
The most actively traded currencies in the world, the euro and US dollar are underwritten by more than $1 trillion in goods and services trade annually.
-
Micro AUD/USD Futures
Australia’s resource-driven economy is heavily dependent on global growth and commodity prices. CME FX futures offer more precise risk management of AUD/USD exposure.
-
Micro GBP/USD Futures
One of the most actively traded currencies in the world, the British pound and US dollar are underwritten by more than $250Bn in trade annually.
Low Cost
Commissions
USD 0.05 to 0.15
per contract
plus exchange and regulatory fees
Contract Specifications
| Micro EUR/USD | Micro AUD/USD | Micro GBP/USD | |
|---|---|---|---|
| Underlying Currency | Euros | Australian dollars | British pounds |
| Contract Size | 12,500 euros | 10,000 Aussie dollars | 6,250 pounds |
| Ratio to Standard Contract | 1/10 | 1/10 | 1/10 |
| Minimum Tick/Price Fluctuation | 0.0001 USD per EUR | 0.0001 USD per AUD | 0.0001 USD per GBP |
| Value of One Tick | $1.25 per contract | $1 per contract | $0.625 per contract |
| Product Code | M6E | M6A | M6B |
| Settlement | Physical | Physical | Physical |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT | ||
CME Group Micro Interest Rates Contracts Available at IBKR at Low Cost
Use Interest Rate futures and options to manage exposure to U.S. treasury yields, global money markets, and mortgage-backed securities in a safe, capital-efficient way.
CME Group offers two types of smaller-sized interest rate futures: yield futures and micro treasury futures. Yield futures are cash settled, priced in yield and are linked to a specific on-the-run security. Micro Treasury futures are cash settled, 1/10 size versions of the extant Treasury futures, and are traded on price, track a basket of deliverable securities, and settle to the prices of their respective standard Treasury futures.
Micro Futures Benefits
-
1/10 the Size
At 1/10 the size of the standard-sized contracts, traders can fine tune their exposure to fit their risk appetite
-
Capital Efficiency
Futures contracts have unique margin requirements that allow traders to use less capital to place trades
-
Around-the-clock Access
Futures contracts are tradeable nearly 24 hours a day, providing access when other markets are closed
-
Price Discovery & Transparency
Trade on a regulated exchange and enjoy the transparency of futures, where all traders see the same prices and quotes
Yield Futures Contracts
-
2-Year Yield futures
Trade one of the most watched points at the short end of the curve, priced in yield.
-
5-Year Yield futures
An intuitive way to obtain 5-year Treasury exposure. Contracts are priced in yield with a constant BPV for easier spread trading across Yield future tenors.
-
10-Year Yield futures
Trade one of the most watched points on the curve, priced in yield.
-
30-Year Yield futures
Priced in yield, obtain exposure to the long end of the curve in Treasury markets with these contracts.
Micro Treasury Futures Contracts
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Micro 10-year Futures
A smaller version of the Ultra 10-Year futures contract, built for traders to offer greater precision and improved yield curve trading.
-
Micro Ultra Treasury Bond
Achieve 30-year Treasury bond exposure at a fraction of the contract size, making for more accessible trades with pinpoint exposure.
Low Cost
Commissions
USD 0.10 to 0.25
per contract
plus exchange and regulatory fees
Yield Futures Contract Specifications
| 2-Year Yield Futures | 5-Year Yield Futures | 10-Year Yield Futures | 30-Year Yield Futures | |
|---|---|---|---|---|
| Product Code | 2YY | 5YY | 10Y | 30Y |
| Settlement | Cash-settled to BrokerTec 2-Year benchmark | Cash-settled to BrokerTec 5-Year benchmark | Cash-settled to BrokerTec 10-Year benchmark | Cash-settled to BrokerTec 30-Year benchmark |
| Price Convention | US Treasury Yield | |||
| Contract Size | $10.00 DV01 | |||
| Tick Size | $1.00 (1/10 of 1 bp) | |||
| # of Expiries | 2 nearest monthly contracts | |||
| Termination | Last Business Day of Month | |||
Micro Treasury Futures Specifications
| Micro Ultra 10-Year | Micro Ultra T-Bond | |
|---|---|---|
| Product code | MTN | MWN |
| Price convention | Traded in price | Traded in price |
| Settlement | Cash-settled | Cash-settled |
| Underlying | Ultra 10-Year futures settlement price | Ultra T-Bond futures settlement price |
| Contract size | $8.80 DV01* | $20.47 DV01* |
| Tick size | $1.5625 (1/2 of 1/32 of one point) | $3.13 (1/2 of 1/32 of one point) |
| Initial margin | $300 (estimate)* | $640 (estimate)* |
| Contracts listed | 2 Quarterly contracts |
Why Trade CME Group Futures with Interactive Brokers?
Interactive Brokers (Nasdaq: IBKR) is an automated global electronic broker that serves individual investors, hedge funds, proprietary trading groups, registered investment advisors and introducing brokers.
Our four-decade focus on technology and automation allows us to provide our clients with a sophisticated, global trading platform with the lowest costs for managing investments. IBKR clients enjoy access to stocks, options, futures, currencies, bonds, funds and more on over 150 markets in 34 countries.
Learn why Barron’s rated IBKR as "Rated #1 – Best Online Broker" in 2023. Read the full article
Already a Client?
If you are an IBKR client with Futures trading permission, you can already trade CME Group futures. If you do not have Futures trading permissions, simply log in to Client Portal and request Futures trading permissions from the Settings > Account Settings > Trading Experiences & Permissions menu item.
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