CME Group E-mini Russell 2000 Index

The Russell 2000 index is a weighted index that tracks 2000 small cap stocks from different areas of the US economy. The E-mini future allows for movement in the macro contracts to be hedged.
E-mini Russell 2000 became eligible for "Basis Trade at Cash Open" (TACO) along with CME Group E-mini NASDAQ-100 on March 23rd, 2020.
E-mini Russell 2000 Index Futures	E-mini Russell 2000 Index Futures	E-mini Russell 2000 Index Futures	
Contract Unit 	$50 x Russell 2000 Index 	$50 x Russell 2000 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	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: 0.10 index points = $5.00
Calendar Spread: 0.05 index points = $2.50
BTIC: 0.05 index points = $2.50
TACO: 0.05 index points = $2.50	Outright: 0.10 index points = $5.00
Calendar Spread: 0.05 index points = $2.50
BTIC: 0.05 index points = $2.50
TACO: 0.05 index points = $2.50	
Product Code 	CME Globex: RTY
CME ClearPort: RTY
Clearing: RTY
BTIC: "RLT","RTQ"	CME Globex: RTY
CME ClearPort: RTY
Clearing: RTY
BTIC: "RLT","RTQ"	
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	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 	Financially Settled 	
Termination of Trading 	Trading terminates 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.	Trading terminates 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 Procedures 	Fertilizer Settlement Procedures 	Fertilizer Settlement Procedures 	Fertilizer Settlement Procedures
Position Limits 	CME Position Limits 	CME Position Limits 	
Exchange Rulebook 	CME 393 	CME 393 	
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 Russell 2000 Index Options	E-mini Russell 2000 Index Options 	E-mini Russell 2000 Index Options 	
Contract Unit 	One E-mini Russell 2000 futures contract 	One E-mini Russell 2000 futures contract 	
Minimum Price Fluctuation 	Regular tick: 0.10 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00
CAB: 0.05 index points = $2.50 	Regular tick: 0.10 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00
CAB: 0.05 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 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: RTO
CME ClearPort: RTO
Clearing: RTO 	CME Globex: RTO
CME ClearPort: RTO
Clearing: RTO 	
Listed Contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 consecutive quarters 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 consecutive quarters 	
Termination of Trading 	Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract quarter. 	Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract quarter. 	
Position Limits 	CME Position Limits 	CME Position Limits 	
Exchange Rulebook 	CME 393A 	CME 393A 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Strike Price Listing Procedures 	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Exercise Procedure 	American Style. An option can be exercised until 6:30 p.m. ET on any business day the option is traded 	American Style. 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.	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.
Settlemnt Method 	Deliverable 	Deliverable 	
Underlying 	E-mini® Russell 2000® Index Futures 	E-mini® Russell 2000® Index Futures 	
E-mini Russell 2000 Weekly Index Options	E-mini Russell 2000 Weekly Index Options 	E-mini Russell 2000 Weekly Index Options 	
Contract Unit 	One E-mini Russell 2000 futures contract 	One E-mini Russell 2000 futures contract 	
Minimum Price Fluctuation 	Regular tick: 0.10 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00
CAB: 0.05 index points = $2.50 	Regular tick: 0.10 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00
CAB: 0.05 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 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: R1E,R2E,R3E,R4E
CME ClearPort: R1E,R2E,R3E,R4E
Clearing: R1E,R2E,R3E,R4E 	CME Globex: R1E,R2E,R3E,R4E
CME ClearPort: R1E,R2E,R3E,R4E
Clearing: R1E,R2E,R3E,R4E 	
Listed Contracts 	3 weekly contracts listed for weeks 1, 2 and 4 and 3 week contracts 	3 weekly contracts listed for weeks 1, 2 and 4 and 3 week contracts 	
Termination of Trading 	Trading terminates at 4:00 p.m. ET on Friday of the contract week. 	Trading terminates at 4:00 p.m. ET on Friday of the contract week. 	
Position Limits 	CME Position Limits 	CME Position Limits 	
Exchange Rulebook 	CME 393A 	CME 393A 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Strike Price Listing Procedures 	R1E, R2E and R4E (Week 1, 2 & 4)
5 index point integer multiples upon listing: +10% to -25% of the prior day’s settlement price on the underlying future contract
R3E (Week 3)
At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	R1E, R2E and R4E (Week 1, 2 & 4)
5 index point integer multiples upon listing: +10% to -25% of the prior day’s settlement price on the underlying future contract
R3E (Week 3)
At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	R1E, R2E and R4E (Week 1, 2 & 4)
5 index point integer multiples upon listing: +10% to -25% of the prior day’s settlement price on the underlying future contract
R3E (Week 3)
At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
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 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol RTF) of the E-mini Russell 2000 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) 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 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol RTF) of the E-mini Russell 2000 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) 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 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol RTF) of the E-mini Russell 2000 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlemnt Method 	Deliverable 	Deliverable 	
Underlying 	E-mini® Russell 2000® Index Futures 	E-mini® Russell 2000® Index Futures 	
E-mini Russell 2000 EOM Index Options	E-mini Russell 2000 EOM Index Options 	E-mini Russell 2000 EOM Index Options 	
Contract Unit 	One E-mini Russell 2000 futures contract 	One E-mini Russell 2000 futures contract 	
Minimum Price Fluctuation 	Regular tick: 0.10 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00
CAB: 0.05 index points = $2.50 	Regular tick: 0.10 index points = $5.00, for premium greater than 5.00
Reduced tick: 0.05 index points = $2.50, for premium less than or equal to 5.00
CAB: 0.05 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 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: RTM
CME ClearPort: RTM
Clearing: RTM 	CME Globex: RTM
CME ClearPort: RTM
Clearing: RTM 	
Listed Contracts 	Monthly contrats listed for 3 consecutive months 	Monthly contrats listed for 3 consecutive months 	
Termination of Trading 	Trading terminates at 4:00 p.m. ET on last business day of contract month. 	Trading terminates at 4:00 p.m. ET on last business day of contract month. 	
Position Limits 	CME Position Limits 	CME Position Limits 	
Exchange Rulebook 	CME 393A 	CME 393A 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Strike Price Listing Procedures 	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures	At all multiples of 25 index points within ±50% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
At all multiples of 10 index points within ±20% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Once the option’s underlying futures contract becomes second nearest to delivery, at all multiples of 5 index points within ±10% of quarterly Exercise Price Reference, centered on previous day’s settlement price of the underlying futures
Exercise Style 	European Style. Exercisable only on expiration day. 	European Style. Exercisable only on expiration day. 	
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 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol RTF) of the E-mini Russell 2000 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) 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 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol RTF) of the E-mini Russell 2000 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) 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 4:00 p.m. ET price fixing based on the weighted average traded price fixing (symbol RTF) of the E-mini Russell 2000 futures in the last 30 seconds of trading on expiration day (3:59:30 p.m.-4:00:00 p.m. ET) will be used to determine which options are in-the-money. Contrarian instructions are prohibited.
Settlemnt Method 	Deliverable 	Deliverable 	
Underlying 	E-mini® Russell 2000® Index Futures 	E-mini® Russell 2000® Index Futures 	
== Notes ==
== Also See ==
CME Group stock index products
== References ==
== Resources ==
CME Group Web site
E-mini Russell 2000 Index Contract Specs
Settlement Procedures
CME Postion Limits
CME 359
Price Limits
Quote Vendor Symbols Listing
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