Micro Crude Oil Futures Surpass 1 Million Contracts Traded

Since launching a month ago, over 1 million Micro Crude Oil futures (MCL) contracts have been traded.

Micro Crude Oil futures from the CME Group, are a smaller version of the NYMEX West Texas Intermediate WTI Crude Oil futures contract (CL) which is a benchmark for global petroleum markets. Each contract of MCL represents 100 barrels of oil which is 1/10th the size of the standard CL futures contract.

“Since launching just a month ago, we continue to see strong interest across the globe for our smaller-sized Micro WTI Crude Oil contract,” said Peter Keavey, Global Head of Energy at CME Group. “Our benchmark WTI futures have always been the market’s choice for managing crude oil exposure, and the uptick we are seeing in new customers utilizing the Micro WTI Crude oil futures demonstrates the value in the robust transparency and price discovery that our markets offer for traders of all sizes.”

“The rapid growth of Micro WTI Crude Oil futures further reinforces the building demand from self-directed traders for smaller, more flexible contracts,” stated Martin Franchi, CEO of NinjaTrader Group, LLC. “This increased accessibility to such a dynamic market has clearly resonated with both our NinjaTrader user community and new retail traders discovering the benefits available through futures.”

Benefits of Trading Micro Crude Oil Futures

  • Leverage & Liquidity – Just like the standard Crude Oil Futures contract, Micro Crude Oil Futures are highly leveraged providing a powerful way to increase capital efficiency. The notional unit for the modest Micro Crude Oil contract is 100 barrels.
  • Lower Financial Commitment – Traders to have exposure to the crude oil market with smaller capital requirements. Through NinjaTrader Brokerage, you can trade the MCL with only $100 intraday margins.
  • Increased Flexibility – MCL is only 1/10 of the standard Micro Crude Oil contract, this offers more granularity to trade with smaller margin requirements.
  • Round-the-Clock Trading – These contracts are available for trading 23 hours per day, 5 days a week, which allow traders to react to any breaking fundamental or political news that impacts the crude oil market.

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