Micro E-mini Equity Futures

See what precision makes possible

An expanded offering, a smaller-sized contract

Meet Micro E-mini futures on the S&P 500, Nasdaq-100, Dow Jones Industrial Average, Russell 2000, MidCap 400, and SmallCap 600 indices. At 1/10 the size of the classic E-minis, Micro E-mini futures give all traders a simple, cost-efficient way to access the liquid equity index futures markets for a fraction of the upfront financial commitment.

Key Benefits

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

At a 10:1 contract ratio, Micro E-mini Equity futures can be converted easily into a classic E-mini futures position, and vice versa. That gives you more flexibility for managing positions as market conditions change, using the contract that best suits your goals, and greater access to liquidity.

Use leverage for greater capital efficiency and exposure

Control a large contract value with a small amount of capital and no expense ratios. Add greater upside with potentially lower trading costs versus a basket of equities or ETFs.



Four leading indices, for benchmark equity exposure

Product Code Contract Last Change Chart Open High Low Globex Vol

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What's New

Contract Specifications


Micro E-mini S&P 500

Micro E-mini Nasdaq-100

Micro E-mini Russell 2000

Micro E-mini Dow

Micro E-mini S&P MidCap 400

Micro E-mini S&P SmallCap 600

Contract Size $5 x S&P 500 Index $2 x Nasdaq-100 Index $5 x Russell 2000 Index $0.50 x DJIA Index $10 x S&P MidCap 400 Index $10 x S&P SmallCap 600 Index
Trading and Clearing Hours CME Globex and ClearPort: 5:00 p.m. to 4:00 p.m., Sunday-Friday
Minimum Price Fluctuation Outright: 0.25 Index points, equal to $1.25 per contract. Outright: 0.25 Index points, equal to $0.50 per contract. Outright: 0.10 Index points, equal to $0.50 per contract. Outright: 1.00 Index points, equal to $0.50 per contract. Outright: 0.10 Index points, equal to $1.00 per contract. Outright: 0.10 Index points, equal to $1.00 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 CME Globex: MMC CME ClearPort: MMC Clearing:    MMC CME Globex: MSC CME ClearPort: MSC Clearing:    MSC
Contract Months Five months in the March Quarterly Cycle
H, M, U, Z, H (March, June, September, December, March)
Four months in the March Quarterly Cycle (March, June, September, December) Five months in the March Quarterly Cycle
H, M, U, Z, H (March, June, September, December, March)
Delivery Delivery is by cash settlement by reference to Final Settlement Price, equal to Special Opening Quotation of Index based on opening prices of Index component stocks.
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.

Meet Micro E-mini Futures

    More about Micro E-mini futures

    Introduction to Equity Index Futures

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

    New to Futures?

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

    Individual Traders

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

    Fact Card

    View a PDF overview of Micro E-mini futures, including a look at contract specifications.


    Get answers to frequently asked questions about Micro E-mini futures, including product details and margin information.

    Press Release

    Read the original press release announcing the launch of Micro E-mini futures.


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