Micro EUR/USD specifications
Chicago Mercantile Exchange (CME), currency (fx)
- Tick
- $1.250.0001 per tick
- One point
- $12,500per contract
- Initial margin
- $231exchange, as of 27 Oct 2026
- Front contract
- M6EZ26roll by 7 Dec 2026
Specs checked as of How we source this
Contract terms
| Symbol | M6E |
|---|---|
| Exchange | Chicago Mercantile Exchange (CME) |
| Contract unit | €12,500 |
| Price quotation | USD per unit of foreign currency |
| Tick size | 0.0001 |
| Tick value | $1.25 per contract |
| Value of one point | $12,500 per contract |
| Currency | USD |
| Contract months | Mar (H), Jun (M), Sep (U), Dec (Z) |
| Settlement * | Cash-settled |
| Trading hours | CME Globex. Sunday open 17:00 CT, Friday close 16:00 CT, 60-minute daily maintenance break. Hours in your time zone |
| Expiry | Last trade: 2 business days before the 3rd Wednesday of the contract month (09:16 CT). Next expiries |
| Exchange specification | https://www.cmegroup.com/markets/fx/g10/e-micro-euro.contractSpecs.html |
* Not confirmed against the exchange. See below.
Not verified
settlement: Settlement method not cross-checked against a second source.
What these terms mean
The Micro EUR/USD futures contract (M6E) is listed on Chicago Mercantile Exchange. One contract represents €12,500, and prices are quoted in USD per unit of foreign currency. The minimum price movement, or tick, is 0.0001, worth $1.25 per contract. A move of one full point is therefore worth $12,500 per contract, and every profit, loss and margin figure for M6E scales from those two numbers.
M6E is listed for these contract months: Mar (H), Jun (M), Sep (U), Dec (Z). M6E is cash-settled: positions still open at expiry are closed against a final settlement price, with no delivery of anything. The rollover page lists the next expiries and the dates that matter for each.
The values on this page come from the exchange's own contract specification and were last checked on 27 Oct 2026. Exchanges amend contract terms from time to time, most often trading hours and tick sizes. Where a value here disagrees with the exchange, the exchange is right; the methodology page explains how each field is checked, and any field we have not confirmed against the exchange is marked on this page.
Related contracts
- Euro FX (6E): tick value $6.25
Compare
- 6E vs M6E: Euro FX and Micro EUR/USD
Sources
- https://www.cmegroup.com/markets/fx/g10/e-micro-euro.contractSpecs.html: primary reference for all contract terms; linked, not machine-read (cmegroup.com blocks automated access) 2026-10-27
- https://www.ampfutures.com/trading-info/contract-specifications: cross-check of tick size, tick value, contract unit and months; secondary source (broker page) 2026-10-27
Questions
- What is the tick size of M6E?
- The minimum price movement of Micro EUR/USD futures is 0.0001, worth $1.25 per contract.
- How much is one point of M6E worth?
- One full point is worth $12,500 per contract.
- Is M6E cash-settled or physically delivered?
- M6E is cash-settled.