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
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
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
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]

CME Group Web site

E-mini NASDAQ 100 Futures Contract Specs

Settlement Procedures

CME Postion Limits

CME 359

Price Limits

Quote Vendor Symbols Listing