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, and Russell 2000 indices – at 1/10 the size of 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.

Four leading indices, for benchmark equity exposure

Product Code Contract Last Change Chart Open High Low Globex Vol

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.

Practice trading with our trading simulator

Take your learning to the next level by studying charts, adding chart indicators, managing your account and testing your overall trading strategy for Micro E-mini futures in a simulated environment, without risking your capital.

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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

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: 5pm to 4:00pm

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
H, M, U, Z, H (March, June, September, December, March)


Cash settlement to Final Settlement Price

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.


    Visit a list of online brokers below to get started.

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