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.
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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Five months in the March Quarterly Cycle (March, June, September, December, March)
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.
Micro E-mini Nasdaq-100
$2 X Nasdaq-100 Index
CME offers electronic trading almost 24/6
0.25 index points
MNQ
$0.50 per contract
Financially Settled
2 Quarterlies, 3 End-of-Months, 5 Fridays (3 Weeks 1,2 and 4 & 2 Serials)
Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
Micro E-mini Nasdaq 100
Weekly (M,W,F), Monthly, Quarterly
EOM: MQE
Weekly: MQ1- MQ4
Quarterly: MNQ
Globex
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.
Quarterly: American. Weeklies, EOM: European
Outright: 0.25=$0.50 for premium >5.00 Reduced Tick: 0.05=$0.10 for premium < or =5.00
