CME Group E-mini NASDAQ-100

E-mini NASDAQ-100 became eligible for "Basis Trade at Cash Open" (TACO) along with CME Group E-mini Russell 2000 Index on March 23rd, 2020.
E-mini Nasdaq 100 Futures	E-mini Nasdaq 100 Futures
Contract Unit 	$20 x Nasdaq-100 Index
Trading Hours 	CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET with trading halt 4:15 p.m. - 4:30 p.m.
BTIC: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
TACO on CME Globex: Sunday - Friday 6:00 p.m. - 9:30 a.m. ET. Monday - Thursday 11:00 a.m. - 5:00 p.m. ET; 
 
TACO on Clearport: Sunday - Friday 6:00 p.m. - 9:30 a.m. ET and Monday - Friday 11:00 a.m. - 5:00 p.m. ET
Minimum Price Fluctuation	Outright: 0.25 index points = $5.00
Calendar Spread: 0.05 ndex points = $1.00
BTIC: 0.05 index points = $1.00
TACO: 0.05 index points = $1.00
Product Code 	CME Globex: NQ
CME ClearPort: NQ
Clearing: NQ
BTIC: "NQQ","NQT"
Listed Contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters
TACO: Quarterly contracts (Mar, Jun, Sep, Dec) listed for 2 consecutive quarters
Settlement Method 	Financially Settled
Termination of Trading 	Trading teminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
BTIC trading terminates at 4:00 p.m. ET on the Thursday before the 3rd Friday of contract month.
TACO trading terminates at 9:30 a.m. ET on the Thursday before the 3rd Friday of the contract month.
Settlement Procdures 	Settlement Procedures
Position Limits 	CME Position Limits
Exchange Rulebook 	CME 359
Price Limit or Circuit 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing
E-mini Nasdaq 100 Options 	E-mini Nasdaq 100 Options 	E-mini Nasdaq 100 Options
Contract Unit 	One E-mini Nasdaq-100 futures contract 	One E-mini Nasdaq-100 futures contract
Minimum Price Fluctuation 	Regular tick: 0.25 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $1.00, for premium less than or equal to 5.00
CAB: 0.05 index points = $1.00 	Regular tick: 0.25 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $1.00, for premium less than or equal to 5.00
CAB: 0.05 index points = $1.00
Trading Hours 	CME Globex: 	Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily trading halt from 4:15 p.m. - 4:30 p.m. ET
Trading Hours 	CME CLearport: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code 	CME Globex: NQ
Clearing: NQ 	CME Globex: NQ
Clearing: NQ
Listed Contracts 	Quarterly contracts ( Mar, Jun, Sep, Dec) listed for 4 consecutive quarters 	Quarterly contracts ( Mar, Jun, Sep, Dec) listed for 4 consecutive quarters
Termination of Trading 	Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month. 	Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 359A 	CME 359A
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Strike Price Listing Procedures	100 index point integer multiples upon listing: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples for the nearest expiration: +10% to -20% of the prior day’s settlement price on the underlying future contract. 	100 index point integer multiples upon listing: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples for the nearest expiration: +10% to -20% of the prior day’s settlement price on the underlying future contract.
Exercise Style 	American 	American
Exercise Procedure 	An option can be exercised until 6:30 p.m. ET on any business day the option is traded 	An option can be exercised until 6:30 p.m. ET on any business day the option is traded
Settlement at Expiration 	Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 6:30 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.	Option exercise results in a position in the underlying cash-settled futures contract. In-the-money options, in the absence of contrarian instructions delivered to the Clearing House by 6:30 p.m. ET on the day of expiration, are automatically exercised into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month.
Settlement Method 	Deliverable 	Deliverable
Underlying 	E-mini Nasdaq 100 Futures 	E-mini Nasdaq 100 Futures
Micro E-mini Nasdaq-100 Index Weekly Option	Micro E-mini Nasdaq-100 Index Weekly Option 	Micro E-mini Nasdaq-100 Index Weekly Option 	
Contract Unit 	One Micro E-mini Nasdaq-100 Index Futures 	One Micro E-mini Nasdaq-100 Index Futures 	
Minimum Price Fluctuation 	Outrights: 0.25 Index points = $0.50 per contract for premium > 5 index points = $10.00
Reduced Tick: 0.05 Index points = $0.10 per contract for premium at or below 5 index points = $10.00 	Outrights: 0.25 Index points = $0.50 per contract for premium > 5 index points = $10.00
Reduced Tick: 0.05 Index points = $0.10 per contract for premium at or below 5 index points = $10.00 	
Trading Hours 	CME Globex: 	Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT 	
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT 	
Product Code 	CME Globex: MQ1,MQ2,MQ3,MQ4
CME ClearPort: MQ1,MQ2,MQ3,MQ4
Clearing: MQ1,MQ2,MQ3,MQ4 	CME Globex: MQ1,MQ2,MQ3,MQ4
CME ClearPort: MQ1,MQ2,MQ3,MQ4
Clearing: MQ1,MQ2,MQ3,MQ4 	
Listed Contracts 	At any given time, three nearest weeks of MQ1, MQ2, and MQ4 (Weeks 1, 2 & 4) and two nearest weeks of MQ3 (Week 3) will be listed for trading 	At any given time, three nearest weeks of MQ1, MQ2, and MQ4 (Weeks 1, 2 & 4) and two nearest weeks of MQ3 (Week 3) will be listed for trading 	
Termination of Trading 	Trading terminates at 3:00 p.m. CT on the Last Business Day of the contract month 	Trading terminates at 3:00 p.m. CT on the Last Business Day of the contract month 	
Position Limits 	CME Position Limits 	CME Position Limits 	
Exchange Rulebook 	CME 361A 	CME 361A 	
Price Limit or Circuit 	Price Limits 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Strike Price Listing Procedures 	10 index point integer multiples, when listed: +10% to -20% of the prior day’s settlement price on the underlying future contract 	10 index point integer multiples, when listed: +10% to -20% of the prior day’s settlement price on the underlying future contract 	10 index point integer multiples, when listed: +10% to -20% of the prior day’s settlement price on the underlying future contract
Exercise Style 	European Style 	European Style 	
Exercise Procedure 	European Style. Exercisable only on expiration day. 	European Style. Exercisable only on expiration day. 	
Settlement at Expiration 	Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. - 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.	Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. - 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.	Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. - 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlemnt Method 	Deliverable 	Deliverable 	
Underlying 	Micro E-mini Nasdaq 100 Index Futures 	Micro E-mini Nasdaq 100 Index Futures 	
Micro E-mini Nasdaq-100 Index EOM Option	Micro E-mini Nasdaq-100 Index EOM Option 	Micro E-mini Nasdaq-100 Index EOM Option 	
Contract Unit 	One Micro E-mini Nasdaq-100 Index Futures 	One Micro E-mini Nasdaq-100 Index Futures 	
Minimum Price Fluctuation 	Outrights: 0.25 Index points = $0.50 per contract for premium > 5 index points = $10.00
Reduced Tick: 0.05 Index points = $0.10 per contract for premium at or below 5 index points = $10.00 	Outrights: 0.25 Index points = $0.50 per contract for premium > 5 index points = $10.00
Reduced Tick: 0.05 Index points = $0.10 per contract for premium at or below 5 index points = $10.00 	
Trading Hours 	CME Globex: 	Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m 	
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT 	
Product Code 	CME Globex: MQE
CME ClearPort: MQE
Clearing: MQE 	CME Globex: MQE
CME ClearPort: MQE
Clearing: MQE 	
Listed Contracts 	Monthly contracts listed for the nearest 3 consecutive months 	Monthly contracts listed for the nearest 3 consecutive months 	
Termination of Trading 	Trading terminates at 3:00 p.m. CT on the Last Business Day of the contract month 	Trading terminates at 3:00 p.m. CT on the Last Business Day of the contract month 	
Position Limits 	CME Position Limits 	CME Position Limits 	
Exchange Rulebook 	CME 361A 	CME 361A 	
Price Limit or Circuit 	Price Limits 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Strike Price Listing Procedures 	100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when the underlying future is the second closest contract: +10% to -20% of the prior day’s settlement price on the underlying future contract 	100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when the underlying future is the second closest contract: +10% to -20% of the prior day’s settlement price on the underlying future contract 	100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when the underlying future is the second closest contract: +10% to -20% of the prior day’s settlement price on the underlying future contract
Exercise Style 	European Style 	European Style 	
Exercise Procedure 	European Style. Exercisable only on expiration day. 	European Style. Exercisable only on expiration day. 	
Settlement at Expiration 	Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. - 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.	Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. - 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.	Option exercise results in a position in the underlying cash-settled futures contract. Options which are in-the-money on the last day of trading are automatically exercised. A 3:00 p.m. CT price fixing based on the weighted average traded price fixing (symbol NQF) of the E-mini Nasdaq-100 futures in the last 30 seconds of trading on expiration day (2:59:30 p.m. - 3:00:00 p.m. CT) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlemnt Method 	Deliverable 	Deliverable 	
Underlying 	Micro E-mini Nasdaq 100 Index Futures 	Micro E-mini Nasdaq 100 Index Futures 	
== Notes ==
== Also See ==
CME Group stock index products
== References ==
CME Group Web site
E-mini NASDAQ 100 Futures Contract Specs
Settlement Procedures
CME Postion Limits
CME 359
Price Limits
Quote Vendor Symbols Listing
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