Micro E-mini Nasdaq-100 Contracts Specifications, Margins and Platforms

Micro E-mini Nasdaq-100 Index Contracts Specifications, Margins and Technology

 

Micro E-Mini NASDAQ

What is the Micro E-mini Nasdaq-100 Index?

The Micro Emini is a futures contract that tracks the 100 leading non-financial U.S. large-cap companies that make up the Nasdaq-100. 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 Nasdaq-100 Index contract.

What Is the Symbol for the Micro E-mini Nasdaq-100 Index?

The symbol for the Micro E-mini Nasdaq-100 Index is MNQ. However, once in a while, you may find a quote vendor that may use a different symbol.

What Months does the Micro E-mini Nasdaq-100 Index Contract Trade?

The MNQ 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 Nasdaq-100 Index Futures? 

$2 x NASDAQ100 Index

What is the Tick Size of the Micro E-mini Nasdaq-100 Index Contract?

Minimum Tick 0.25 Dollar Value of One Tick  $0.5

What are the Trading Hours of the Micro E-mini S&P 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 MNQ 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 MNQ Contract Settle?

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

Which Platforms Trade Micro MNQ?

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

Which Brokers Trade Micro MNQ?

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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