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.
- Micro E-mini Futures Contracts
- Micro E-mini Options Contracts
- Micro WTI Crude Oil Futures Contracts
- Micro Treasury Yield Futures Contracts
CME Group Micro E-mini Futures Contracts Available at IBKR for the Lowest Cost1
Meet Micro E-mini futures on the S&P 500, Nasdaq-100, Dow Jones Industrial Average and Russell 2000 indices, the next big thing in equities trading, designed with the active individual trader in mind. Discover the benefits of futures, for a fraction of the upfront financial commitment.
At 1/10th the size of their classic E-mini counterparts, Micro E-mini futures make it easier for a broader universe of traders to discover the benefits of trading futures. Trading began May 6, 2019 with the launch of four index contracts:
- S&P 500: Trade exposure to U.S. large-cap stocks, leading barometer of U.S. stock market
- Russell 2000: Trade exposure to 2,000 U.S. small-cap stocks; leading small-cap benchmark
- Nasdaq-100: Trade exposure to largest non-financial companies in the Nasdaq stock market
- Dow Jones Industrial Average: Trade exposure to 30 U.S. blue-chip companies, widely followed indicator of U.S. stock market
These four contracts join our existing offering of Micro E-mini futures contracts for
gold (MGC) and the following currency pairs:
- EUR / USD: M6E
- AUD / USD: M6A
- CAD / USD: MCD
- GBP / USD: M6B
- JPY / USD: MJY
- CHF / USD: MSF
- INR / USD: MIR
- USD / CNH: MNH
Lowest Cost1
Commissions
USD 0.32 to 0.47
per contract • all in
View Futures Commissions
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. A copy and additional information are available at ibkr.com
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 E-mini Options Contracts Available at IBKR for the Lowest Cost1
Introducing Micro E-mini options on the S&P 500 and Nasdaq-100 indices. Add the flexibility and limited downside risk of options in a smaller notional size that requires less margin and premium to trade.
These options settle into Micro E-mini futures, which are 1/10th the size of E-mini futures and offer the access to the same underlying market. The smaller size enables you to fine-tune your index exposure for greater control over the risk/reward ratio of your investment.
Key Features:
- Trade with more precision
Scale S&P 500 and Nasdaq-100 index exposure up or down with greater granularity from underlying contracts 1/10th the size of E-mini products. More precision can provide additional control over the risk/reward ratio of your trading strategies. - Add versatility to strategy building
Express long- or short-term views with a choice of quarterly, Friday weekly, and end-of-month expirations. Build market neutral, directional, and/or multi-leg strategies to seek new opportunities in the equity markets. - Access Micro E-mini futures liquidity
With a lower premium related to the contract size, these options settle into liquid Micro E-mini futures, which traded nearly 300 million contracts as of 2020.
Lowest Cost1
Commissions
USD 0.32 to 0.47
per contract • all in
View Options Commissions
Options and Futures: Options and Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading options read the "Characteristics and Risks of Standardized Options." Before trading futures, please read the CFTC Risk Disclosure. Copies of these disclosures are available at ibkr.com
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 WTI Crude Oil Futures Contracts Available at IBKR for the Lowest Cost1
At 1/10 the size of the benchmark WTI futures contract, Micro WTI Crude Oil futures offer active traders a more precise tool for managing crude oil exposure without sacrificing transparency.
- Precisely scale oil exposure
Enjoy the same benefits as the benchmark WTI futures contract, in a smaller-sized, financially settled contract. - Manage positions with more choice
Choose the contract size that best suits your goals with the ability to manage positions between Micro WTI, E-mini WTI, or the standard WTI futures contracts listed on NYMEX. - Gain price discovery and transparency
Trade on a regulated exchange and enjoy the transparency of futures, where all traders see the same prices and quotes. - Add capital efficiency
Access the same 24-hour markets and robust transparency of larger WTI futures with smaller margin requirements.
Lowest Cost1
Commissions
USD 0.62 to 0.77
per contract • all in
View Futures Commissions
A Global Benchmark, Three Contract Sizes
| Micro WTI Crude Oil Futures | E-Mini WTI Crude Oil Futures | WTI Crude Oil Futures | |
|---|---|---|---|
Contract Size | 100 barrels | 500 barrels | 1,000 barrels |
Ratio to Standard Contract | 1/10 | ½ | 1 |
Minimum Tick Increment | USD 0.01 per barrel | USD 0.025 per barrel | USD 0.01 per barrel |
Dollar Value of One Tick | USD 1 per contract | USD 12.50 per contract | USD 10 per contract |
Product Code | MCL | QM | CL |
Settlement | Financial | Financial | Physical |
Trading Hours | CME Globex: Sun-Fri: 5pm to 4pm Central Time (CT) Mon-Fri: 60-minute daily trading halt beginning at 4pm CT. | ||
Listing Exchange | NYMEX | ||
Micro WTI Crude Oil futures will be listed as a monthly contract, expiring the day before the standard counterpart.
CME Group Micro Treasury Yield Futures Contracts Available at IBKR the Lowest1 Commissions
Cash-settled Micro Treasury Yield futures offer a streamlined way to trade interest rate markets with contracts based directly on yields of the most recently auctioned Treasury securities at four key tenor points on the curve.
- Traded in Yield
Directly references the most widely followed US Treasury market metric – yields of recently auctioned Treasury securities. - Four Major Tenors
Trade across the yield curve with contracts on four key tenors: 2-Year Note, 5-Year Note, 10-Year Note, and 30-Year Bond. - Simple, Cash-settled Design
All four contracts are sized at $10 dollar per basis point of yield (0.01%), creating seamless curve spreading opportunities. - Built on Leading BrokerTec Benchmarks
Anchored by BrokerTec US Treasury benchmarks, sourced from transactions on the leading cash UST trading platform.
Lowest
Commissions
USD 0.10 to 0.25
per contract
plus exchange and regulatory fees
View Treasury Commissions
Contract Specifications
| Micro 2-Year Yield Futures | Micro 5-Year Yield Futures | Micro 10-Year Yield Futures | Micro 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 | |||
IBKR offers a wide range of global CME products that cover all major asset classes.
PB About Eurodollar Packs and Bundles
Eurodollar Packs allow you to simultaneously buy or sell an equally weighted, consecutive series of four Eurodollar futures contracts. There are always 37 Packs listed for trading at a given time, designated by a color code that corresponds to their position on the yield curve.
Eurodollar Bundles allow you to simultaneously buy or sell consecutive series of Eurodollar futures in equal proportions, typically beginning with the front quarterly contract. This means that a 5-year “strip” comprised of 20 individual contracts can be executed with just one transaction.
Unparalleled Daily Volumes Means Industry-leading Liquidity
Find the liquidity to execute the trading strategies you want—when you want—at the most efficient price. Global benchmark products in every major asset class mean you can act quickly to capture opportunities or minimize risk in the markets you trade.
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 cryptocurrencies, 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
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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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Disclosures
- Lowest Cost Broker according to StockBrokers.com Online Broker Survey 2023: Read the full article Online Broker Reviews, May 18, 2023. "Because Interactive Brokers' core clientele are professional traders and institutional investors (e.g., hedge funds), it is crucial to provide the lowest commissions schedule available. In our rigorous assessment, there is no question Interactive Brokers delivers."
