CME Group E-mini S&P MidCap 400

E-Mini S&P MidCap 400 Futures	E-Mini S&P MidCap 400 Futures	E-Mini S&P MidCap 400 Futures
Contract Unit 	$100 x S&P MidCap 400 Index 	$100 x S&P MidCap 400 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
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
Minimum Price Fluctuation 	Outright: 0.10 index points=$10.00
Calendar Spread: 0.05 index points=$5.00
BTIC: 0.05 index points=$5.00	Outright: 0.10 index points=$10.00
Calendar Spread: 0.05 index points=$5.00
BTIC: 0.05 index points=$5.00
Product Code 	CME Globex: EMD
CME ClearPort: ME
Clearing: ME
BTIC: EMT	CME Globex: EMD
CME ClearPort: ME
Clearing: ME
BTIC: EMT
Listed Contracts 	Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
View Current Listing	Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
View Current Listing
Settlement Method 	Financially Settled 	Financially Settled
Termination of Trading 	Trading can occur up until 9:30 a.m. Eastern Time (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	Trading can occur up until 9:30 a.m. Eastern Time (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
Settlement Procedures 	Settlement Procedures 	Settlement Procedures
Position Limts 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 362 	CME 362
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
E-Mini S&P MidCap 400 Options 	E-Mini S&P MidCap 400 Options 	E-Mini S&P MidCap 400 Options
Contract Unit 	One E-mini S&P MidCap 400 futures contract 	One E-mini S&P MidCap 400 futures contract
Minimum Price Fluctuation 	Outright: 	0.05 index points = $5.00
Minimum Price Fluctuation 	CAB: 	0.025 index points = $2.50
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 15-minute trading halt from 4:15 p.m. - 4:30 p.m. ET (3:15 p.m. - 3:30 p.m. CT). Daily maintenance period Monday - Thursday 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) .
Trading Hours 	CME ClearPort 	Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. New York Time/ET (4:00 p.m. - 5:00 p.m. CT) daily maintenance period.
Product Code 	CME Globex: EMD
CME ClearPort: ME
Clearing: ME 	CME Globex: EMD
CME ClearPort: ME
Clearing: ME
Listed Contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 quarters 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 quarters
Termination of Trading 	Trading terminates at 8:30 a.m. CT on the 3rd Friday of the contract month 	Trading terminates at 8:30 a.m. CT on the 3rd Friday of the contract month
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 362A 	CME 362A
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Strike Price Listing Procedures	5-point intervals within ± 20% previous day’s settlement price of the underlying futures. Once the contract becomes the second nearest cycle month contract, 2.5-point intervals within ± 15 Index points of previous day’s settlement price of the underlying futures. Exercise prices for serial options shall be identical to the exercise prices that are listed for the March quarterly options on the same underlying futures contract	5-point intervals within ± 20% previous day’s settlement price of the underlying futures. Once the contract becomes the second nearest cycle month contract, 2.5-point intervals within ± 15 Index points of previous day’s settlement price of the underlying futures. Exercise prices for serial options shall be identical to the exercise prices that are listed for the March quarterly options on the same underlying futures contract
Exercise Style 	American 	American
Exercise Procedure 	An option can be exercised until 5:30 p.m. CT on any business day the option is traded.
QUARTERLY OPTIONS - Unexercised in-the-money options will be automatically exercised at 5:30 p.m. CT on the day of determination of the Final Settlement Price. 	An option can be exercised until 5:30 p.m. CT on any business day the option is traded.
QUARTERLY OPTIONS - Unexercised in-the-money options will be automatically exercised at 5:30 p.m. CT on the day of determination of the Final Settlement Price.
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.
In-the-money QUARTERLY OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 5:30 p.m. CT on the day of the expiration, are exercised automatically 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. Options which are in-the-money on the last day of trading are automatically exercised.
In-the-money QUARTERLY OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 5:30 p.m. CT on the day of the expiration, are exercised automatically 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 S&P MidCap 400 Futures 	E-mini S&P MidCap 400 Futures
== Notes ==
== Also See ==
CME Group stock index products
== References ==
CME Group Web site
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E-mini S&P MidCap 400 Futures Contract Specs
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