Welcome to E-mini Nasdaq-100 Futures

If you’re looking to add or manage exposure to the largest non-financial companies listed in the Nasdaq Stock Market, consider E-mini Nasdaq-100 futures, ticker symbol NQ.

NQ futures give you one of the most efficient, cost-effective ways to gain market exposure to the Nasdaq-100 Index, a broad-based, modified capitalization-weighted index that tracks 100 large-cap companies that span major industry groups. With NQ futures, you can take positions on Nasdaq-100 performance electronically.

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Contract Size

$20 x Nasdaq-100 Index

Minimum Tick

0.25 index points

Dollar Value of One Tick

$5.00 U.S. Dollars

Product Symbol

NQ

Trading Hours

Sunday – Friday 6:00 p.m. – 5:00 p.m. ET with a trading halt from 4:15 p.m. – 4:30 p.m. ET; Daily Maintenance period Monday - Thursday 5:00 p.m.- 6:00 p.m. ET

Contract Months

Nearest five months in the quarterly cycle (Mar, Jun, Sep, Dec)

Options Available

Quarterly, Monthly, Weekly

Product Last Change Chart Globex Vol

Why Trade NQ Futures?

Deep liquidity and tight bid/ask spreads can reduce costs

Save on margin offsets with other equity index futures

Act as events unfold with nearly 24-hour electronic access

Use futures leverage to trade large contract value with less capital

Part of a marketplace where you can manage global equity exposure

Flexible execution gives you multiple ways to find liquidity

Safe and secure central clearing mitigates counterparty credit risk

Get 60/40 blended U.S. tax treatment on capital gains

Compare E-mini Nasdaq-100 with Other Trading Methods

NQ futures give you an easier, faster, more flexible way to harness Nasdaq-100 performance.

  • Trade and track one NQ futures contract versus 100 stocks to achieve nearly identical exposure
  • Easily sell short with NQ futures — no uptick rule or special requirements
  • Nearly 24-hour access means your hands aren’t tied when off-hour news and overseas events occur
  • Spread trading versus another sector takes less time, less capital and is more efficient
  • Significantly more buying power with your capital than cash securities – futures require a relatively small payment to control a large contract value

E-mini Nasdaq-100 futures can serve as a cost-efficient proxy for trading Facebook, Amazon, Netflix and Alphabet (Google), collectively known as the FANG stocks, individually.

  • NQ offers $63B average daily volume compared to $5B for Facebook, $7B for Amazon and $3B Netflix
  • 60/40 tax treatment on short-term trading gains available for futures, but not stocks
  • FANG stocks require approximately 12 times the capital needed to hold the same notional value as futures

In nearly every trading scenario, NQ futures offer a more cost-efficient way to manage Nasdaq-100 exposure compared to ETFs.

  • Pay no management fee when you trade NQ futures versus Nasdaq-100 ETFs
  • Fully-funded institutional investors can save 14bps per annum with NQ versus QQQ ETF*
  • Nearly 24-hour access - no waiting for the ETF market open when market events (Brexit, U.S. elections) happen post-close
  • NQ futures offer 6.5x the daily liquidity compared to the value of all Nasdaq-100 ETFs combined, including QQQ
  • Diversify your risk versus other holdings in your portfolio

*All scenarios are hypothetical and should be treated as such. Data is as of December 31, 2017, and calculations are based on the framework found at cmegroup.com/thebigpicture.

Manage Market Event Risk with NQ Futures

From the Sunday open to the Friday close, NQ futures give you the liquidity and flexibility to act as global news and events unfold. No need to wait for the stock market to open to manage positions accordingly.

"A perfect example for managing Nasdaq exposure was the 2018 sell offs in the major component stocks in the Nasdaq-100.

Key Economic Reports

Non-Farm Payroll
Monthly report showing changes in U.S. jobs. Drives Fed policy and indicates economic growth.

Earnings Releases
Lists changes in earnings of publicly traded companies, which can move the market

CPI (Consumer Price Index)
Measures inflation or cost-of-living changes through average price of a basket of goods and services.

Federal Reserve open market operations
Indicates the buying and selling of securities by U.S. central banks as a tool of monetary policy.

U.S. Unemployment Report
Presents U.S. unemployment rate as percentage. Drives Fed policy and indicates economic strength.

FOMC (Federal Open Markets Committee)
etermines U.S. monetary policy and whether to move the key interest rate. Drives stock market movements.

Industrial production
Tracks change in monthly raw volume of industrial goods produced.

Inventory reports
Tracks changes in oil and natural gas supplies. Impacts energy prices paid by consumers.

Learn to Trade NQ Futures

Ready to learn more about trading E-mini Nasdaq-100 futures? Get started with introductory courses, trading tools and simulators, research and market commentary:

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