CME Group E-mini NASDAQ-100
E-mini NASDAQ-100 became eligible for "Basis Trade at Cash Open" (TACO) along with CME Group E-mini Russell 2000 Index on March 23rd, 2020.[1]
E-mini Nasdaq 100 Futures | |
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Contract Unit | $20 x Nasdaq-100 Index |
Trading Hours | CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET with trading halt 4:15 p.m. - 4:30 p.m.
BTIC: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET TACO on CME Globex: Sunday - Friday 6:00 p.m. - 9:30 a.m. ET. Monday - Thursday 11:00 a.m. - 5:00 p.m. ET; TACO on Clearport: Sunday - Friday 6:00 p.m. - 9:30 a.m. ET and Monday - Friday 11:00 a.m. - 5:00 p.m. ET |
Minimum Price Fluctuation | Outright: 0.25 index points = $5.00
Calendar Spread: 0.05 ndex points = $1.00 BTIC: 0.05 index points = $1.00 TACO: 0.05 index points = $1.00 |
Product Code | CME Globex: NQ
CME ClearPort: NQ Clearing: NQ BTIC: "NQQ","NQT" |
Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters
TACO: Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters |
Settlement Method | Financially Settled |
Termination of Trading | Trading teminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
BTIC trading terminates at 4:00 p.m. ET on the Thursday before the 3rd Friday of contract month. TACO trading terminates at 9:30 a.m. ET on the Thursday before the 3rd Friday of the contract month. |
Settlement Procdures | Settlement Procedures |
Position Limits | CME Position Limits |
Exchange Rulebook | CME 359 |
Price Limit or Circuit | Price Limits |
Vendor Codes | Quote Vendor Symbols Listing |
E-mini Nasdaq 100 Options | ||
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Contract Unit | One E-mini Nasdaq-100 futures contract | |
Minimum Price Fluctuation | Regular tick: 0.25 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $1.00, for premium less than or equal to 5.00 CAB: 0.05 index points = $1.00 | |
Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily trading halt from 4:15 p.m. - 4:30 p.m. ET |
CME CLearport: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
Product Code | CME Globex: NQ
Clearing: NQ | |
Listed Contracts | Quarterly contracts ( Mar, Jun, Sep, Dec) listed for 4 consecutive quarters | |
Termination of Trading | Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month. | |
Position Limits | CME Position Limits | |
Exchange Rulebook | CME 359A | |
Price Limit or Circuit | Price Limits | |
Vendor Codes | Quote Vendor Symbols Listing | |
Strike Price Listing Procedures | 100 index point integer multiples upon listing: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples for the nearest expiration: +10% to -20% of the prior day’s settlement price on the underlying future contract. | |
Exercise Style | American | |
Exercise Procedure | An option can be exercised until 6:30 p.m. ET on any business day the option is traded | |
Settlement at Expiration | Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 6:30 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month. | |
Settlement Method | Deliverable | |
Underlying | E-mini Nasdaq 100 Futures |
Micro E-mini Nasdaq-100 Index Weekly Option | |||
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Contract Unit | One Micro E-mini Nasdaq-100 Index Futures | ||
Minimum Price Fluctuation | Outrights: 0.25 Index points = $0.50 per contract for premium > 5 index points = $10.00
Reduced Tick: 0.05 Index points = $0.10 per contract for premium at or below 5 index points = $10.00 | ||
Trading Hours | CME Globex: | Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT | |
CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | ||
Product Code | CME Globex: MQ1,MQ2,MQ3,MQ4
CME ClearPort: MQ1,MQ2,MQ3,MQ4 Clearing: MQ1,MQ2,MQ3,MQ4 | ||
Listed Contracts | At any given time, three nearest weeks of MQ1, MQ2, and MQ4 (Weeks 1, 2 & 4) and two nearest weeks of MQ3 (Week 3) will be listed for trading | ||
Termination of Trading | Trading terminates at 3:00 p.m. CT on the Last Business Day of the contract month | ||
Position Limits | CME Position Limits | ||
Exchange Rulebook | CME 361A | ||
Price Limit or Circuit | Price Limits | ||
Vendor Codes | Quote Vendor Symbols Listing | ||
Strike Price Listing Procedures | 10 index point integer multiples, when listed: +10% to -20% of the prior day’s settlement price on the underlying future contract | ||
Exercise Style | European Style | ||
Exercise Procedure | European Style. Exercisable only on expiration day. | ||
Settlement at Expiration | Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. - 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited. | ||
Settlemnt Method | Deliverable | ||
Underlying | Micro E-mini Nasdaq 100 Index Futures |
Micro E-mini Nasdaq-100 Index EOM Option | |||
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Contract Unit | One Micro E-mini Nasdaq-100 Index Futures | ||
Minimum Price Fluctuation | Outrights: 0.25 Index points = $0.50 per contract for premium > 5 index points = $10.00
Reduced Tick: 0.05 Index points = $0.10 per contract for premium at or below 5 index points = $10.00 | ||
Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m | |
CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | ||
Product Code | CME Globex: MQE
CME ClearPort: MQE Clearing: MQE | ||
Listed Contracts | Monthly contracts listed for the nearest 3 consecutive months | ||
Termination of Trading | Trading terminates at 3:00 p.m. CT on the Last Business Day of the contract month | ||
Position Limits | CME Position Limits | ||
Exchange Rulebook | CME 361A | ||
Price Limit or Circuit | Price Limits | ||
Vendor Codes | Quote Vendor Symbols Listing | ||
Strike Price Listing Procedures | 100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when the underlying future is the second closest contract: +10% to -20% of the prior day’s settlement price on the underlying future contract | ||
Exercise Style | European Style | ||
Exercise Procedure | European Style. Exercisable only on expiration day. | ||
Settlement at Expiration | Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. - 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited. | ||
Settlemnt Method | Deliverable | ||
Underlying | Micro E-mini Nasdaq 100 Index Futures |
Notes[edit]
Also See[edit]
CME Group stock index products
References[edit]
- Sponsored Pages
- Sponsored Pages - Eventus Systems
- Sponsored Pages - CME
- Reserved Pages
- Reserved Pages - CME
- E-mini Nasdaq Futures Contracts
- Futures Contracts Traded on CME Group
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