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...
