CME Group E-mini NASDAQ-100


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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
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
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
Trading Hours	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
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
Trading Hours	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
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
Trading Hours	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