CME Micro E-mini products

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CME Micro E-mini products futures
Exchange CME Group
Settlement Cash settled
Contract Size Micro E-mini S&P 500 is $5 x S&P 500 Index; Micro E-mini Nasdaq 100 is $2 x Nasdaq-100 Index; Micro E-mini Russell 2000 is $5 x Russell 2000 Index; Micro E-mini Dow is $0.50 x DJIA Index
Pricing Unit Dollar
Tick Value Micro E-mini S&P 500 is $1.25 per contract; Micro E-mini Nasdaq 100 is $0.50 per contract; Micro E-mini Russell 2000 is $0.50 per contract; Micro E-mini Dow is $0.50 per contract
Contract Months March, June, September, December
Last Trading Day 8:30 a.m. CT on 3rd Friday of contract delivery month
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.
Ticker Symbol N/A Micro E-mini S&P 500 is MES, Micro E-mini Nasdaq-100 is MNQ, Micro E-mini Russell 2000 is M2K, Micro E-mini Dow is MYM
Price Limits N/A N/A

Most Successful CME Contract Launch

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.

References

  1. Go Small or Go Home: CME’s Micro Launch. John Lothian News.
  2. A Great Day to Start Trading Micro E-Mini Futures. John Lothian News.
  3. Micro E-mini Futures Surpass 1 Million Contracts Traded. CME Press Release.
  4. Contract Specifications. CME.
  5. CME gains boost with new ‘micro’ futures contracts; Success for financial infrastructure industry despite investors turning more cautious. FT.