CME Micro E-mini products
| CME Micro E-mini products Futures | ||||
|---|---|---|---|---|
| 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 Hours and Venue | CME Globex: Sun-Fri: 5pm to 4:00pm,
Mon-Fri: daily trading halt from3:15pm to 3:30pm, | |||
| Minimum Tick/Price Fluctuation | Outright
0.25 Index points |
0.25 Index points | 0.10 Index points | 0.50 Index points |
| Dollar Value of One Tick | $1.25 per contract. | $0.50 per contract. | $0.50 per contract. | $0.50 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 |
| Contract Months | Five months in the March Quarterly Cycle
H, M, U, Z, H (March, June, September, December, March) | |||
| Delivery | Cash settlement to Final Settlement Price | |||
| 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. | |||
Most Successful CME Contract Launch[edit]
CME Micro E-mini products on the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average were launched on CME Group on May 6, 2019, and were the most successful futures launch ever at the exchange. Micro E-mini equity index futures are one-tenth the size of CME Group's existing E-mini equity index futures and traded more than 300,000 contracts combined on day one. On its first day, Micro E-Mini S&P futures traded 159,251 contracts, Micro E-mini Nasdaq-100 Index futures traded 91,928 contracts, Micro E-mini Russell 2000 Index futures traded 33,996 contracts and the Micro E-mini Dow Jones Industrial Average Index futures traded 24,897 contracts on their first day of trading. By day three, the four index futures topped 1 million contracts traded combined.[1] [2] [3] [4][5]
The first Micro E-mini products were launched in 2009 in FX and then gold in 2010. The CME Group E-micro FX Futures and E-Micro Gold Futures still trade today.
CME Group launched options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts on August 31, 2020.[6]
References[edit]
- ↑ Go Small or Go Home: CME’s Micro Launch. John Lothian News.
- ↑ A Great Day to Start Trading Micro E-Mini Futures. John Lothian News.
- ↑ Micro E-mini Futures Surpass 1 Million Contracts Traded. CME Press Release.
- ↑ Contract Specifications. CME.
- ↑ CME gains boost with new ‘micro’ futures contracts; Success for financial infrastructure industry despite investors turning more cautious. FT.
- ↑ CME Group Announces Launch of Micro E-mini Options. PR Newswire.