CME Micro E-mini products

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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

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

  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.
  6. CME Group Announces Launch of Micro E-mini Options. PR Newswire.