Micro E-mini Futures Products Overview

big things do come in small packages CME Group is launching micro emini futures contracts a new smaller sized suite of futures contracts for four major indices S&P 500 Nasdaq 100 Russell 2000 and the Dow Jones Industrial Average these contracts allow market participants an efficient and cost-effective way to gain exposure to four key indices all four of the micro e-mini futures are one-tenth the size of their respective emini futures counterparts allowing all traders futures exposure without the notional constraints of the larger contracts for example while a single emini S&P 500 futures contract has a value of

50 dollars times the agreed-upon emini futures price the micro e-mini S&P 500 futures contract has a value of five dollars times the agreed-upon price the micro emini contract multiplier varies by product while both the micro e-mini S&P 500 and micro emini russell 2000 have multipliers of $5 the micro a mini Nasdaq 100 has a $2 multiplier and the micro emini dow jones industrial average has a 50-cent multiplier so let's look at a specific example if the S&P 500 index is trading at 2750 the notional value of 1 micro emini S&P 500 futures contract is 13,000

$750 similar to the e-mini the tic incrementally micro e-mini S&P 500 are quoted in a quarter of 1 point a one tick move in the micro emini S&P 500 equates to one dollar and 25 cents a one point move which is 4 ticks is worth $5 this equates to a smaller more affordable way to access one of the most liquid equity futures in the world the tick increment of the other three micro e-mini contracts vary according to the contract multiplier the micro e-mini futures contracts trade Sunday through Friday almost 24 hours per day micro emini

futures expire on a quarterly basis settling in cash to the spot value of their respective index on the third fridays of March June September and December the micro emini futures contracts operationally function and Pro the same benefits as their emini counterparts except for their smaller contract multiplier these benefits include portfolio diversification capital efficiency which is provided by margin offsets with other benchmarks emi equity index products and precision and flexibility and tailoring exposure and managing risk discover how a smaller micro emini futures contract opens the world to greater trading possibilities for additional information including contract specifications

please visit CME Group comm slash micro emini