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Micro Ethereum Futures

For traders who want to manage ether price risk or fine-tune ether exposure

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CME Group Micro Ether futures: Better access, more precision

At 1/10 of one ether, Micro Ether futures (MET) provides an efficient, cost-effective way to manage your exposure to one of the largest cryptocurrencies by market capitalization and further optimize your trading strategies.

Key Benefits and Features

Enjoy the same features of larger Ether futures (ETH) at a fraction of the size and with lower margins, enabling traders of all sizes to manage ether price risk and add diversification.

Fine-tune your ether exposure

Add precision to your strategies and scale positions up or down incrementally using contracts that are 1/500 the size of the larger Ether futures.

Enjoy the price discovery

Trade on a regulated exchange where all participants see the same prices and quotes on contracts settled to the CME CF Ether-Dollar Reference Rate.

Save on potential margin offsets

Enjoy the efficiency of futures and save on potential margin offsets with Ether futures, Bitcoin futures and options, and Micro Bitcoin futures.

Learn about Micro Ether futures

Understand the basics of Micro Ether futures, fundamentals behind the contract, and different ways to trade.

Micro Ether Futures Contract Specifications

MICRO ETHER FUTURES CONTRACT SPECIFICATIONS
CONTRACT UNIT 0.10 ether
TRADING HOURS CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. Central Time (CT) (6:00 p.m. - 5:00 p.m. Eastern Time (ET) with a 60-minute break each day beginning at 4:00 p.m. CT (5:00 p.m. ET) CME Globex Pre-Open: 4:45 p.m. – 5:00 p.m. CT (5:45 p.m. – 6:00 p.m. ET) CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT (6:00 p.m. – 6:45 p.m. ET) with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT (6:45 p.m. – 7:00 p.m. ET) BTIC: CME Globex: Sunday - Friday 5:00 p.m. CT (6:00 p.m. (ET) - 4:00 p.m. London time (10:00 a.m./11:00 a.m. CT or 11:00 a.m./12:00 p.m. ET) Monday - Thursday 4:30 p.m. London time (10:30 a.m./11:30 a.m. CT or 11:30 a.m./12:30 p.m. ET) – 4:00 p.m CT (5:00 p.m. ET) Friday 4:30 p.m. London time (10:30 a.m./11:30 a.m. CT or 11:30 a.m./12:30 p.m. ET) – 4:00 p.m. CT (5:00 p.m. ET) for Monday’s Reference Rate Monday - Thursday 4:00 p.m. - 5:00 p.m. CT (5:00 p.m. - 6:00 p.m. ET) daily maintenance period
MINIMUM PRICE FLUCTUATION
Outright: 0.50 index points = $0.05 per contract
Calendar spread: 0.10 index points = $0.01 per calendar month spread contract
BTIC: $0.10 per ether
COMMODITY CODE CME Globex: MET CME ClearPort: MET BTIC: MRB
SETTLEMENT METHOD Financial
LISTING SCHEDULE Monthly contracts listed for six consecutive months and two additional Dec contract months. If the six consecutive months includes Dec, list only one additional Dec contract month.
FINAL SETTLEMENT Delivery is by cash settlement by reference to the Final Settlement Price, equal to the CME CF Ether-Dollar Reference Rate on the last day of trading
TERMINATION OF TRADING Trading terminates at 4:00 p.m. London time on the last Friday of the contract month if that day is a business day in either the U.K. or the U.S. If that day is not a business day in both the U.K. and the U.S, trading shall terminate on the preceding day that is a business day in either the U.K. or the U.S. BTIC: For an expiring futures contract, BTIC trading shall terminate at 4:00pm London time on the business day immediately preceding the day of Final Settlement Price determination for such futures contract. For clarity, BTIC transactions in expiring futures contracts may not be initiated on the Last Trade Date in such expiring futures.
BLOCK TRADE MINIMUM THRESHOLD 100 contracts Reportable window: RTH 5 minutes; ETH/ATH 15 minutes
CME GLOBEX MATCHING ALGORITHM F: First In, First Out (FIFO)

Micro Ether Futures

Frequently Asked Questions

What is the relationship between Micro Ether futures and the underlying spot market?

CME Micro Ether futures are based on the CME CF Ether-Dollar Reference Rate (ETHUSD_RR), which aggregates ether trading activity across major ether spot exchanges between 3 p.m. and 4 p.m. London time.

What is the CME CF Ether-Dollar Reference Rate (ETHUSD_RR)?

Launched in 2018, the CME CF Ether-Dollar Reference Rate (ETHUSD_RR) is a daily reference rate of the US dollar price of one ether as of 4:00 p.m. London time.

Designed by CME Group and CF Benchmarks around the IOSCO Principles for Financial Benchmarks, ETHUSD_RR aggregates the trade flow of major ether spot exchanges during a specific calculation window into a once-a-day reference rate of the US dollar price of ether. Calculation rules are geared toward maximum transparency and real-time replicability in underlying spot markets.

Do I need a digital wallet to trade Micro Ether futures?

No. You do not need a digital wallet because Micro Ether futures are financially settled, and therefore, do not involve the exchange of ether.

In order to trade futures, simply open an account with Optimus Futures. We will will maintain your account and our clearing firms will guarantee your trades.

How is the Micro Ether futures daily settlement price determined??

Daily settlement for Micro Ether futures will be the same as Ether futures. The daily settlement of the Ether futures contract is based on the volume-weighted average price (VWAP) of CME Globex trades between 3:59:00 p.m. and 4:00:00 p.m. ET.

What are the margin requirements for Micro Ether futures?

Exchange margin requirements may be found at cmegroup.com. Note: Our clearing firms may require a margin level beyond CME Clearing’s minimum requirement for day trading margins.

Why Trade Micro Ether futures with Optimus Futures?

Deep Discount Commissions

Pay as little as $0.50 / side no matter how much you trade. High volume traders qualify for even more savings with commissions as low as $0.10 / Side.

Dedicated Service Specialists

Get help from a team that is trained on micro futures contracts with objective guidance and personalized onboarding.

Low Day-Trading Margins

Trade CME Micro futures with the lowest day-trading margins, including $300 margins for E-Mini S&P, E-Mini NASDAQ and Mini ($5) Dow Jones*

Free Trading Platforms

Get free access to Optimus Flow, our signature trading platform for unlimited simulated trading, better technical analysis and faster order execution.

Open An Optimus Futures Account. Start Trading Micro Ether Futures

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With Live Market Data

  • Free Indicators
  • Free News Trading Platform
  • Free Funding & Withdrawals
  • Free 24-Hour Support
  • Free One-on-One On-boarding
  • Free Trading Education
  • $100 Micro Account Minimum
  • $300 ES Day Trade Margins
  • $40 MES Day Trade Margins
  • Commissions as low as $0.25 on Micros
  • No Inactivity Fees at Select FCM’s
  • Real Time and Historical Data
  • Premier CME Group Partner
  • Trusted by Traders Since 2004
  • Licensed and Regulated by the NFA and CFTC
  • Dedicated Futures Community
  • Multiple Datafeeds | Rithmic, CQG, TT, CTS
  • Account Protection and Segregated Funds (CFTC rule 1.25)

Questions? Call us at (561) 367-8686

Disclaimer: Virtual currencies including Bitcoin and Ethereum experience significant price volatility and fluctuations in the underlying virtual currency’s value. The time you place a trade for a virtual currency futures contract and the time you attempt to liquidate it will affect the value of your futures contract and the potential profit and losses related to it. Be very cautious and monitor any investments that you make. There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Please be aware, however, that just because futures on virtual currencies, including Bitcoin and Ethereum, are traded on regulated futures exchanges does not mean that the underlying virtual currency markets are regulated in any manner. What occurs in a virtual currency’s underlying market will impact the price of a virtual currency’s futures contract.

See this link from the National Futures Association for more information. https://www.nfa.futures.org/investors/investor-advisory.html

Additionally, the Commodity Futures Trading Commission ("CFTC") has made available a Virtual Currency Resource Web Page designed to educate and inform the public about this topic and its risks. See this link for further information from the CFTC. http://www.cftc.gov/bitcoin/index.htm

OPTIMUS FUTURES LLC IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.