The next big thing in equities trading.

Micro E-mini Futures. Launching May 6, 2019.

An expanded offering, a smaller-sized contract

Micro E-mini futures fit seamlessly within our current product suite and give all traders a simple way to access the equity index futures markets. At 1/10th the size of a classic E-mini contract, Micro E-minis require less cash to enter the market with lower margins.

Count down to Micro E-mini futures, launching in:


Four leading indices, for benchmark equity exposure

S&P 500

Nasdaq-100

Russell 2000

Dow Jones Industrial Average

Trade a slice of the most liquid equity index futures

E-mini S&P 500, Nasdaq-100, Russell 2000 and Dow ($5) futures are among the most liquid, actively traded equity index contracts available. Micro E-mini futures provide the same benefits of E-mini futures, in a smaller-sized contract.

Precisely scale index exposure up or down

Add more granularity to your trading and risk-management strategies by using Micro E-mini futures to fine-tune your index exposure.

Versatility to manage positions

Because Micro E-mini futures are fully fungible with classic E-mini contracts, you have more flexibility for managing positions as market conditions change, using the contract that best suits your goals. You also have greater access to the liquidity you need.


Subject to regulatory approval

May 2 Webinar: Micro E-mini futures on
Equity Indices

Join CME Group’s Dave Lerman at 8 a.m. on May 2 as he walks through how to trade Micro E-mini futures and what to expect at the May 6 launch.

In this webinar, we will compare Micro E-mini futures to ETFs, discuss spread opportunities and how daily movements compare in Micro E-minis versus E-mini in different volatility scenarios.

A Q&A session will follow. Submit a question in advance when you register for webinar.

Preliminary Contract Specifications

 

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

Minimum
Tick/ Price Fluctuation

0.25 Index points

0.25 Index points

0.10 Index points

1.00 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 (March, June, September, December, March)

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

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 a.m. on Last Day of Trading

Learn about the markets

Meet Micro E-mini Futures

Get to know Micro E-mini futures and what they will provide to the marketplace.

Subject to regulatory approval

Introduction to Equity Index Futures

See how firms and individuals around the world use equity index futures.
View course

New to Futures?

Learn why and how traders use futures, and how to get started.
Explore futures

Are you an individual trader?

View tools, insights and education developed specifically for Micro E-mini futures and active individual traders interested in trading them.