What Are Micro British Pound Futures?
Micro British Pound Futures (M6B) are a smaller-sized version of standard British Pound Futures contracts. These contracts provide traders with exposure to the British Pound (GBP) currency market with reduced financial commitment. They are ideal for retail traders looking to hedge currency exposure or speculate on movements in the GBP/USD exchange rate.
Contract Size
- Contract Size: 6,250 British Pounds (GBP).
Trading Hours
The Micro British Pound Futures contract trades nearly 24 hours a day, five days a week, providing consistent access to the global forex market.
- Trading Hours: Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: 0.0001 per GBP.
- Tick Value: $0.625 per tick.
- Minimum Price Fluctuation: 0.0001 per GBP.
This makes Micro British Pound Futures an excellent choice for precision trading in the forex market with smaller financial exposure.
Trading Symbol
- Platform Symbol: M6B
Margins
To trade Micro British Pound Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Micro British Pound Futures?
- Accessibility: Lower margins and smaller contract size make M6B accessible to retail traders.
- Flexibility: Manage risk with smaller contract sizes compared to standard currency futures.
- Liquidity: Benefit from consistent liquidity in the forex futures market.
- Diversification: Add exposure to the British Pound as part of a broader trading strategy.
Start Trading M6B with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Micro British Pound Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.