CME Group To Launch Micro WTI Futures On July 12
Date
17/05/2021
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will expand its suite of micro-sized futures contracts with the introduction of Micro WTI futures. The contracts are expected to launch on
July 12, pending regulatory review.
Micro WTI futures will be one-tenth the size of the company's global benchmark WTI Crude Oil futures contract and cash-settled. They will enable market participants – from institutions to sophisticated, active, individual traders – to fine-tune exposure to crude oil markets and enhance their trading strategies in an efficient, cost-effective way.
"As
U.S. crude continues to gain global significance, we are seeing increasing demand for tools that help a broader range of clients access these markets," said