Micro E-mini Dow Index Futures Specifications, Margins and Technology

Micro E-mini Dow Index Futures Specifications, Margins and Technology

 

Micro E-mini Dow

What is the Micro E-mini Dow futures?

The Micro E-mini Dow futures is a futures contract that tracks the 30 blue-chip stocks tracked by the Dow Jones Industrial Average (DJIA) index. You can trade it only on the Chicago Mercantile Exchange (CME). The CME uses an electronic system called GLOBEX where you trade the futures on when you execute the Micro E-mini Dow futures

What Is the Symbol for the Micro E-mini Dow futures?

The symbol for the Micro E-mini Dow futures is MYM. However, once in a while, you may find a quote vendor that may use a different symbol.

What Months does the Micro E-mini Dow futures Contract Trade?

The MYM contract trades in these months:

March Symbol H

June Symbol M

September Symbol U

December Symbol Z

What is the Contract Size of the Micro E-mini Dow Futures

$.5 x Dow Jones 30 Futures Index

What is the Tick Size of the Micro E-mini Dow Futures Contract?

Minimum Tick 1 Dollar Value of One Tick $.5

What are the Trading Hours of the Micro E-mini Dow Futures Contract?

Trading Hours: Sunday – Friday 5:00p.m. – 4:00p.m. CT with a trading halt from 3:15p.m. – 3:30p.m. CT; Daily Maintenance period Monday – Thursday 4:00p.m. – 5:00p.m.

What Contract Month Should I Trade?

You Should trade the contract that is most liquid. This means that you should trade the month closest to the current period.   Two weeks prior expiration of the contract you should start looking at the next month and see where is the liquidity. The liquidity is measured in terms of Open Interest and daily volume traded.

How do margins work?

The margin is the amount of capital that is used out of your account when trading a futures contract.  However, the margin money is given back to you upon closing of the account.  The profit or loss generated as a result of your trade will be debited or credited to your futures trading account.   Overnight trading margins are determined by the exchange and are not negotiable. The margin for MYM Anything held past 16.00 CST/17.00 EST is considered is subject to the overnight margin.

What Are Day Trading Margins?

Day trading margins are determined by the FCM and/or the Introducing Broker.  They can determine the hours and the margins you hold for their specified day trading hours. Keep in mind that day trading hours and margins do apply to overnight margins (please read above).

Check out these Day Trading Margins by Clearing

How does the Micro E-mini Dow Contract Settle?

The ES is a cash-settled product.  There is no delivery on this contract.

Which Platforms Trade Micro Emini Dow?

Please check these Futures Trading Platforms. They all trade the MYM Futures Contract.

Which Brokers Trade Micro E-Mini Dow?

Please call 1-800-771-6748 to start your E-mini futures trading. Drop us an email at general@optimusfutures.com

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