EQUITY INDEX

Micro E-mini Futures
Meet Micro E-mini futures, made for more liquidity, precision, and versatility. Discover
the key features of equity index futures for a fraction of the financial commitment.

Six Index Contracts for Benchmark Equity Exposure
From small-cap to large-cap, you can trade it all in micro-sized contracts. With the introduction of Micro E-mini S&P MidCap 400and S&P SmallCap 600 futures, market participants now have access to a full range of exposure based on market capitalization.
LARGE CAPMID CAPSMALL CAP

Micro E-mini S&P 500

Micro E-mini S&P MidCap 400

Micro E-mini Russell 2000
Micro E-mini S&P SmallCap 600

Micro E-mini Nasdaq-100
Micro E-mini Dow

What are the key features of Micro E-mini Futures?

TRADE A SLICE OF THE MOSTLIQUID EQUITY INDEX FUTURES

Get the same features that makeE-minis a staple on Wall Street,
now on a main street budget at
1/10th the contract size. Enjoynearly 24-hour trading, nomanagement fees, portfolio
diversification and more.

ENJOY GREATER VERSATILITY

Fine-tune your equity market
exposure or tailor a position toreduce risk. With futures, you cango short as easily as you go long
– no short-selling restrictions. Fullyinterchangeable with E-mini
futures may add more flexibility
for your trading positions.

ADD GREATER CAPITALEFFICIENCYControl a large contract value
with a small amount of capitaland no expense ratios for max
capital efficiency. Add greater
upside with potentially lower
trading costs vs. a basket ofsecurities or exchange tradedfunds (ETFs).

CONTRACT SPECIFICATIONSMICRO E-MINI
S&P MIDCAP
400

MICRO E-MINI
S&P SMALLCAP
600$10 x S&P
MidCap 400
Index$10 x S&P
SmallCap 600
Index

Outright: 1.00
Index points,
equal to $0.50
per contract.

Outright: 0.10
Index points,
equal to $1.00
per contract.

Outright: 0.10
Index points,
equal to $1.00
per contract.

Calendar spread:
0.05 Index points,
equal to $0.25
per calendar
spread.

Calendar spread:
1.00 Index points,
equal to $0.50
per calendar
spread.

Calendar spread:
0.05 Index points,
equal to $0.50
per calendar
spread.

Calendar spread:
0.05 Index points,
equal to $0.50
per calendar
spread.

CME Globex: M2K
CME ClearPort:
M2K
Clearing: M2K

CME Globex: MYM
CME ClearPort:
MYM
Clearing: MYM

CME Globex: MMC
CME ClearPort:
MMC
Clearing: MMC

CME Globex: MSC
CME ClearPort:
MSC
Clearing: MSC

Four months inthe March
Quarterly Cycle(March, June,September,December)

Five months in the March Quarterly
Cycle (March, June, September,December)

MICRO E-MINI
S&P 500

MICRO E-MINI
NASDAQ-100

MICRO E-MINI
RUSSELL 2000

MICRO E-MINI
DOWCONTRACT SIZE

$5 x S&P 500
Index$2 x Nasdaq-100
Index$5 x Russell 2000
Index

$0.50 x DJIA
Index

TRADING AND
CLEARING HOURSCME Globex and ClearPort: 5:00 p.m. to 4:00 p.m., Sunday-Friday

MINIMUM PRICE
FLUCTUATION*

Outright: 0.25
Index points,
equal to $1.25 percontract.

Outright: 0.25
Index points,
equal to $0.50
per contract.

Outright: 0.10
Index points,
equal to $0.50
per contract.

Calendar spread:
0.05 Index points,
equal to $0.25
per calendar
spread.

Calendar spread:
0.05 Index points,
equal to $0.10
per calendar
spread.

PRODUCT CODE

CME Globex: MES
CME ClearPort:MES
Clearing: MES

CME Globex: MNQ
CME ClearPort:
MNQ
Clearing: MNQ

CONTRACTMONTHS

Five months in the March Quarterly Cycle(March, June, September, December)

DELIVERY

Delivery is by cash settlement by reference to Final Settlement Price, equal to Special Opening Quotation of Index
based on opening prices of Index component stocks.

TERMINATION OFTRADING

Last Day of Trading is 3rd Friday of contract delivery month.

BLOCK TRADE
ELIGIBILITYNo

EXCHANGE RULE

These contracts are listed with and subject to the rules
and regulations of CME.

Trading in expiring futures terminates at 8:30 a.m. CT on Last Day of Trading.

These contracts
are listed withand subject tothe rules andregulations ofCBOT

These contracts are listed with andsubject to the rules and regulationsof CME.

*Prices are quoted and traded in Index points.

Visit cmegroup.com/microemini to view the latest updates on Micro E-mini futures.

cmegroup.com
Neither futures trading nor swaps trading are suitable for all investors, and each involves the risk of loss. Swaps trading should only be undertaken by investors who are Eligible Contract
Participants (ECPs) within the meaning of Section 1a(18) of the Commodity Exchange Act. Futures and swaps each are leveraged investments and, because only a percentage of a contract’s value
is required to trade, it is possible to lose more than the amount of money deposited for either a futures or swaps position. Therefore, traders should only use funds that they can afford to lose
without affecting their lifestyles and only a portion of those funds should be devoted to any one trade because traders cannot expect to profit on every trade.
CME Group, the Globe Logo, CME, Globex, E-Mini, CME Direct, CME DataMine and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT is a trademark of theBoard of Trade of the City of Chicago, Inc. NYMEX is a trademark of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the propertyof their respective owners.
The information within this communication has been compiled by CME Group for general purposes only. CME Group assumes no responsibility for any errors or omissions. Additionally, all examples
in this communication are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience. All matterspertaining to rules and specifications herein are made subject to and superseded by official CME, CBOT, NYMEX and COMEX rules. Current rules should be consulted in all cases concerning
contract specifications.
Copyright © 2023 CME Group Inc. All rights reserved.

PM2662/0423