Key Features
Contract specs
The basics
Resources
Meet Micro E-mini futures on the S&P 500, Nasdaq-100, Dow Jones Industrial Average, Russell 2000, MidCap 400, and SmallCap 600 indices. At 1/10 the size of the classic E-minis, Micro E-mini futures give all traders a simple, cost-efficient way to access the liquid equity index futures markets for a fraction of the upfront financial commitment.
At a 10:1 contract ratio, Micro E-mini Equity futures can be converted easily into a classic E-mini futures position, and vice versa. That gives you more flexibility for managing positions as market conditions change, using the contract that best suits your goals, and greater access to liquidity.
Use leverage for greater capital efficiency and exposure
Control a large contract value with a small amount of capital and no expense ratios. Add greater upside with potentially lower trading costs versus a basket of equities or ETFs.
Take your learning to the next level by studying charts, adding chart indicators, managing your account and testing your overall trading strategy for Micro E-mini futures in a simulated environment, without risking your capital.
| Contract Size | $5 x S&P 500 Index | $2 x Nasdaq-100 Index | $5 x Russell 2000 Index | $0.50 x DJIA Index | $10 x S&P MidCap 400 Index | $10 x S&P SmallCap 600 Index |
|---|---|---|---|---|---|---|
| Trading and Clearing Hours | CME Globex and ClearPort: 5:00 p.m. to 4:00 p.m., Sunday-Friday | |||||
| Minimum Price Fluctuation | Outright: 0.25 Index points, equal to $1.25 per contract. | Outright: 0.25 Index points, equal to $0.50 per contract. | Outright: 0.10 Index points, equal to $0.50 per contract. | Outright: 1.00 Index points, equal to $0.50 per contract. | Outright: 0.10 Index points, equal to $1.00 per contract. | Outright:0.10 Index points, equal to $1.00 per contract. |
| 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 | CME Globex: MMC CME ClearPort: MMC Clearing: MMC | CME Globex: MSC CME ClearPort: MSC Clearing: MSC |
| Contract Months | Five months in the March Quarterly Cycle H, M, U, Z, H (March, June, September, December, March) | Four months in the March Quarterly Cycle (March, June, September, December) | Five months in the March Quarterly Cycle H, M, U, Z, H (March, June, September, December, March) | |||
| 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 | 8:30 a.m. CT on 3rd Friday of contract delivery month Trading in expiring futures terminates at 8:30 am on Last Day of Trading. | |||||
Introduction to Equity Index Futures
See how firms and individuals around the world use equity index futures.
New to Futures?
Learn why and how traders use futures, and how to get started.
Individual Traders
View tools, insights and education developed specifically for Micro E-mini futures and active individual traders.
Fact Card
View a PDF overview of Micro E-mini futures, including a look at contract specifications.
FAQ
Get answers to frequently asked questions about Micro E-mini futures, including product details and margin information.
Press Release
Read the original press release announcing the launch of Micro E-mini futures.
Visit a list of online brokers below to get started.
