Take advantage of a mechanism to better manage risk around the cash index open: Trade at Cash Open, or TACO.
TACO allows you to execute a basis trade on the E-mini S&P 500, Nasdaq-100, and Russell 2000 futures relative to the day’s official cash index opening level – before the market open.
With TACO+ now available on E-mini S&P 500 futures, add more lead time to capture the certainty of the cash open days instead of hours ahead. Negate the wait to manage risk around an upcoming cash open index value on a set date (e.g., expiration day).
To provide market participants greater flexibility in hedging Monday market-on-open orders, the TACO functionality has now been expanded to include Friday trading sessions on Globex.
Available for ES, NQ, and RTY* futures via a central limit order book on CME Globex and block trades
Better hedge market-on-open (MOO) trade exposures
Easily manage a.m.-expiring options deltas, hours or days in advance
Trade at a price directly derived from the official cash index open price without slippage
|Underlying Indices||Ticker Symbols|
|S&P 500 Index <ESA Index>||ESQ|
|Nasdaq-100 <NQA Index>||NQQ|
|Russell 2000 <RTYA Index>||RTQ|
10:00 a.m. CT previous day to 8:30 AM CT
For each trade day, trading starts at 10:00 a.m. CT the previous day.
500 contracts for ESQ and NQQ
40 contracts for RTQ
Five concurrent listed contracts
S&P 500 Index <ESA Index>
Sunday – Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT)
3rd Friday of 3 consecutive months
*TACO will be available for E-mini Nasdaq-100 and E-mini Russell 2000 futures starting March 23, 2020.