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
| CME Globex: MNQ
CME ClearPort: MNQ
| CME Globex: M2K
CME ClearPort: M2K
| CME Globex: MYM
CME ClearPort: 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
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.   
CME Group launched options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts on August 31, 2020.
- 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.