How many of you out there are planning to trade the Micro E-minis (M2K, MES, MNQ, and the MYM) after it goes live on 05/05/19 at 1700 CDT?
I know that for the Micro E-Mini S&P 500, AMP Futures is going to charge $0.39 commission per side, the tick value is supposed to be $1.25 and the margin per contract during the normal trading session (23 hours: 1700 – 1600 CDT) is supposed to be $40 for the MES (although during the maintenance hour (1600 – 1700 CDT) it jumps to $600 for that 1 hour).
I talked with AMP last Friday and asked them about the projected liquidity for the Micro E-minis and was told that the liquidity (particularly for the MES) was supposed to be pretty good as the larger players would be able to size in and out of their positions with more finesse. I’m not sure about the other contracts as many of you have seen, the Mini-DOW, Russell 2000 and the NASDAQ 100 typically trades at much thinner volume. I guess I’ll have to wait and see how things are going to shake out over the first week or so.
I’m cautiously optimistic because as I think about this, smaller retail traders will be able to get the same kind of leverage as we used to see in Forex pre-2009 (of course with the same risks as well as opportunities).