Anyone have thoughts on these? They look interesting, especially if there is volume on the options, those could be a good alternative to the ISE or Phily options. They seem like a good idea, but you would need to have pretty cheap futures commissions to make it comparable to spot. http://www.cmegroup.com/trading/fx/fx/forex-e-micros.html
There are already e-mini FX futures (1/2 size of the standard contracts) on the CME - with crap liquidity and spreads, basically untradeable. I see no reason why the micro-edition should fare any better.