A Plea to the CME: Micro Crude Oil Futures

With the spectacular launch of the CME's Emini Micro contracts, it's time to bring our attention to the Crude Oil market. We now live in a 24/5 trading world and the CME's exceptional line of futures products have provided a brilliant solution to the constantly moving markets. But at $1,000/pt in the standard CL contract and $500/pt in the QM contract, those with smaller accounts that want and need to participate in the Crude Oil market 24/5 have largely gained no benefit from these larger products. Now, in a world of growing equality, the time has come to provide all of the us the ability to invest/trade during all market sessions.

Current Issues for the Smaller Investor/Trader:

1. No way to manage Oil risk exposure after RTH close. Oil ETFs only trade during RTH, you have to pray price does not gap in the overnight
2. Segmenting positions is impossible at $1,000/pt
3. Oil ETF's do not as accurately represent the oil markets as the CME Oil futures
4. The entire rest of the world can trade smaller position Oil 24/5 with CFDs

Who is affected? Small investors and traders. Not everyone has the risk tolerance of $1,000/point or even $500/pt. Likewise, Crude Oil ETFs only trade during market hours.

Solution: at 1/10th the size, the CL Micro contract would allow smaller investors and traders to be able to speculate and manage risk in the Crude Oil market. You can protect your positions in the overnight and break up a position into multiple orders to properly manage risk. Imagine a world in which the small guys can equally participate in the global markets during all market sessions with the same quality instruments as the big guys.