What are E-micro GBP/USD (M6B) Currency Futures?

M6B Emicro Micro Futures GBP USD forex

Foreign exchange futures provide access to the currency markets through futures trading. Also known as FX futures, the underlying commodities of these contracts are forex markets.

E-micro currency futures are unique in that they are 1/10th the size of standard forex futures. The E-micro GBP/USD futures contract (M6B) is the E-micro version of its larger size counterpart, British Pound futures (6B). M6B futures shadow the movements of the full-size contract but have their own set of specifications.

Traded exclusively on the Chicago Mercantile Exchange, E-micro FX futures are transparent, regulated markets with centralized pricing and clearing.

Why Trade E-micro EUR/USD (M6B) Futures?

The E-micro GBP/USD futures require less of a financial commitment than full size British Pound futures. Therefore, the M6B is a great starting point for traders to gain exposure to the GBP/USD foreign exchange market with less capital.

Additionally, while a new trader with a lower account balance may only be able to trade one contract of 6B, the E-Micro provides that same new trader with the flexibility to scale in & out of an M6B position with several contracts.

M6B futures offer investors both long and short opportunities to trade GBP/USD foreign exchange rate. E-micro FX futures like M6B empower traders to access the forex markets without a large financial burden or margin requirement.

E-micro GBP/USD futures also trade virtually around the clock electronically and attract traders from across the globe.

E-micro GBP/USD (M6B) Futures Contract Specs:

  • Exchange: Chicago Mercantile Exchange (CME)
  • Class: Futures
  • Trading Symbol: M6B
  • Contract Size: 6,250 British pounds
  • Pricing Unit: U.S. Dollars
  • Tick Size: 0.0001
  • Tick Value: $6.25
  • Point Value: 1 = $62,500
  • Average Daily Volume: 3,645 (Year to Date March 2019)
  • Intraday Margin: $50
  • Contract Months: March, June, September & December
  • Trading Hours: Sunday to Friday 6:00 pm – 5:00 pm ET
  • Position Limit: 10 contracts

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