Market Basics
Micro E-Mini Futures Contract Specifications
All times of day referenced here and elsewhere in this document are Chicago time.
| Micro E-mini S&P 500 | Micro E-mini Nasdaq-100 | Micro E-mini Russell 2000 | Micro E-mini Dow | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Contract Size | $5 x S&P 500 Index | $2 x Nasdaq-100 Index | $5 x Russell 2000 Index | $0.50 x DJIA Index | ||||||||
| Trading and Clearing Hours | CME Globex and ClearPort: 5:00 p.m. to 4:00 p.m., Sunday-Friday, with trading halt from 3:15 p.m. to 3:30 p.m., Monday-Friday. | |||||||||||
| Minimum Price FluctuationPrices are quoted and traded in Index points. |
Outright: 0.25 Index points, equal to $1.25 per contract. Calendar spread: 0.05 Index points, equal to $0.25 per calendar spread. |
Outright: 0.25 Index points, equal to $0.50 per contract. Calendar spread: 0.05 Index points, equal to $0.10 per calendar spread. |
Outright: 0.10 Index points, equal to $0.50 per contract. Calendar spread: 0.05 Index points, equal to $0.25 per calendar spread. |
Outright: 1.00 Index points, equal to $0.50 per contract. Calendar spread: 1.00 Index points, equal to $0.50 per calendar spread. |
||||||||
| Product Code | CME Globex: MES CME ClearPort: MES Clearing: MES |
CME Globex: MNQ CME ClearPort: MNQ Clearing: MNQ |
CME Globex: M2K CME ClearPort: M2K Clearing: M2K |
CME Globex: MYM CME ClearPort: MYM Clearing: MYM |
||||||||
| Contract Months | Five months in the March Quarterly Cycle (March, June, September, December) | Four months in the March Quarterly Cycle (March, June, September, December) | ||||||||||
| Delivery | Delivery is by cash settlement by reference to Final Settlement Price, equal to Special Opening Quotation of Index based on opening prices of Index component stocks. | |||||||||||
| Termination of Trading | Last Day of Trading is 3rd Friday of contract delivery month. Trading in expiring futures terminates at 8:30 a.m. CT on Last Day of Trading. |
|||||||||||
| Price Limits |
For each Futures Product for a given delivery month –
|
|||||||||||
| Position Limits | Pending | |||||||||||
| Block Trade Eligibility | No | |||||||||||
| Exchange Rule | These contracts are listed with and subject to the rules and regulations of CME. | These contracts are listed with and subject to the rules and regulations of CBOT |
||||||||||
Discover the advantages of trading Futures with TradeStation
See also
What are Micro E-Mini Futures?
Market BasicsOptionsMicro E-mini futures, the next big thing in equities trading, and offer the benefits of trading equity index futures for a fraction of the financial commitment. There are four index contracts available for individual traders:...
Why Trade Micro E-Mini Futures
Market BasicsFuturesTrade a slice of the most liquid equity index futures Get the same benefits that make E-minis a staple on Wall Street, now on a main street budget at 1/10th the contract size. Enjoy nearly 24-hour trading, no management fees,...
What is a Future?
Market BasicsFuturesA future is a type of security that grants the trader the right to buy or sell something at a fixed price on a specific day in the future. That something is normally a commodity like gold, corn, crude oil, bonds, international...
Important Information
Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Swaps trading should only be undertaken by investors who are Eligible Contract Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Futures and swaps each are leveraged investments and, because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for either a futures or swaps position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles and only a portion of those funds should be devoted to any one trade because traders cannot expect to profit on every trade.
CME Group, the Globe Logo, CME, Globex, E-Mini, CME Direct, CME DataMine and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT is a trademark of the Board of Trade of the City of Chicago, Inc. NYMEX is a trademark of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners.
The information within this communication has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this communication are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. All matters pertaining to rules and specifications herein are made subject to and superseded by official CME, CBOT, NYMEX and COMEX rules. Current rules should be consulted in all cases concerning contract specifications.
Copyright © 2020 CME Group Inc. All rights reserved.
