Is it worth it to sign a petition enabling 1/10th contract size

February 5th, 2020, 09:01 PM

Do you think it would be worth it to sign this petetion to enable 1/10th contract size on crude oil for United states residents? Do you guys think if enough people actually signed it that it would happen? To me having an option to trade 1/10th the contract size on crude oil sseems pretty attractive

http://chng.it/fS7t2FrX6v

February 6th, 2020, 03:55 AM

They already have a full size contract, CL, (919,000 contracts traded yesterday), and an e-mini crude, QM, (40,000 contracts yesterday). The QM is half the size, a ten cent move in CL is $100/RT, and QM $50/RT.
It took the CME years to create the micro equities products to qive a second alternative for for those equities. I can't see why the CME would want to add a third crude alternative, especially as the QM was only introduced relatively recently.
Just my thoughts though.

February 6th, 2020, 02:55 PM

Here .....

AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything

It would be great if ALL micro traders would sign this:

/SIZE][/B]

and here ........

Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros

Hello traders,

Can you help us push the Micro-CL contract on CME/NYMEX by voting in this poll? I started pushing the micro indices back in 2012 and it took too long to get it done. We want to show them that there is demand for micro-energies.

Vote …

For the later thread link you need to read that post plus numerous subsequent posts in the same thread.

@FuturesTrader71 may have an update

Is it worth it to sign a petition enabling 1/10th contract size

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Is it worth it to sign a petition enabling 1/10th contract size