CME Globex to enable TAS functionality for Micro Crude Oil Futures
CME Globex will enable Trading At Settlement (TAS) functionality for Micro Crude Oil Futures.
Effective Saturday, August 6 (trade date Monday, August 8), pending completion of all regulatory review periods, Micro Crude Oil TAS will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.
These Micro Crude Oil TAS will be available for customer testing in New Release on Monday, July 25.
Micro WTI futures are one-tenth the size of the company’s global benchmark WTI Crude Oil futures contract and cash-settled. They 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.