Product Overview

What are Micro E-mini Nasdaq-100 futures?

Micro E-mini Nasdaq-100 futures (product symbol MNQ) are based on the Nasdaq-100 Index, which tracks 100 of the largest (large-cap) domestic and international non-financial companies listed on the Nasdaq based on the market capitalization. This smaller-sized electronic futures contract gives traders an opportunity to take positions on whether the performance of the Nasdaq-100 Index will go up or down in value.

With a contract valued at $2.00x's the NASDAQ-100 Index price, Micro E-mini Nasdaq-100 futures give more individual traders the opportunity to discover the benefits of futures, by lowering the amount of money required to enter the market.

Why would you want to trade Micro E-mini Nasdaq-100 futures?

  1. Offers hedging and risk management opportunities against volatile moves in tech-based and other non-financial companies.
  2. More cash efficient than trading the equivalent ETF.
  3. The global markets don’t sleep. This contract allows traders stock exposure and growth opportunities in an index that offers almost 24-hour trading, six days a week.

How do you trade Micro E-mini Nasdaq-100 futures?

Micro E-mini Nasdaq-100 futures are “futures contracts” on an equity index benchmark. They are cash-settled contracts, and these have quarterly expiration dates scheduled for the months of March, June, September, and December.

With a single transaction, investors can use equity index futures products to manage risk or seek profits based on whether they think the index performance will rise or fall.

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Contract Specifications


Contract Month

Five months in the March Quarterly Cycle (March, June, September, December, March)

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Product

Micro E-mini Nasdaq-100

Contract Size

$2 X Nasdaq-100 Index

Trading Venue

CME offers electronic trading almost 24/6

Minimum Tick

0.25 index points

Product Symbol

MNQ

Dollar Value of One Tick

$0.50 per contract

Exchange Rulebook

CME 361

Settlement Procedures

Settlement Procedures

Price Limit or Circuit

Price Limits

Settlement Method

Financially Settled

Options Available

2 Quarterlies, 3 End-of-Months, 5 Fridays (3 Weeks 1,2 and 4 & 2 Serials)

Termination of Trading

Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.

Contract Specifications


Product Name

Micro E-mini Nasdaq 100

Options Expirations

Weekly (M,W,F), Monthly, Quarterly

Options Symbol

EOM: MQE
Weekly: MQ1- MQ4
Quarterly: MNQ

Trading Venue

Globex

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Type Of Expiration

Quarterly: American. Weeklies, EOM: European

Minimum Tick Size

Outright: 0.25=$0.50 for premium >5.00 Reduced Tick: 0.05=$0.10 for premium < or =5.00

Micro E-mini NASDAQ 100 MNQ Price

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Last Trade as of CST. 10 Minutes Delayed Quote. Powered by CQG

Futures Calendar

28 OCT
No Event
Price Action Alerts Source Redsky Markets