An E-micro is a futures contract traded on the Chicago Mercantile Exchange (CME) Globex electronic trading platform, that represents an even smaller fraction of the value of the normal futures contracts than the corresponding E-mini.
Currently, CME offers one E-micro stock market index contract, E-micro S&P CNX Nifty (Nifty 50) Futures, with a notional value of $2 x the S&P CNX Nifty index of Indian stocks, and E-micro contracts for a number of currency futures pegged against the US Dollar (AUD, CAD, CHF, EUR, GBP, JPY). E-micro gold futures contracts were introduced in October 2010.
On 11 March 2019 CME Group announced the launch of Micro E-mini futures on the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average indexes. The new contracts will be one-tenth the size of existing E-mini futures, and are set to be available for trading in May 2019.
E-micro contracts The table below lists some of the more popular E-micro contracts, with the initial and maintenance margin required by the issuing exchange. Note that individual brokers may require different margin amounts (also called performance bonds).
+ E-micros E-micro contract Exchange Ticker symbol Multiplier Tick size Tick value Initial margin Maintenance margin E-micro S&P CNX Nifty (Nifty 50) Futures CME MNF $5 x Index $1.25 0.25 $3,125 $2,500 E-micro EUR/USD Futures CME M6E 12,500 euros US$0.0001/EUR $1.25 $405 $300 E-micro Gold Futures CME MGC 10 troy ounces $0.10 $1 $675 $500
See also E-mini
References
External links E-mini and E-micro S&P CNX Nifty (Nifty 50) Futures