What are micro E-mini futures?

Micro E-mini futures products are a line of futures contracts on the Chicago Mercantile Exchange (CME). Micro E-mini futures work just like classic E-mini index futures in that they allow you to effectively buy or sell a well-diversified portfolio of stocks, depending on your opinion of the overall stock market. The difference in the two products is their size; Micro E-mini futures are 1/10 the size of a classic E-mini. The CME offers Micro E-mini futures as a cost-efficient way for traders and investors to gain exposure to these four major U.S. indexes: S&P 500, NASDAQ-100, Dow Jones, and Russell 2000. 

Start trading micro E-mini futures for just $1.50 per contract pricing.

How to trade micro E-mini futures

Micro E-mini futures trade on the CME Globex® trading platform. An account approved to trade futures is required in order to trade micro E-mini futures.

Micro E-mini futures contract specifications

Considering trading micro E-mini futures? Here are the micro E-mini futures contract specifications.

With a Schwab futures account, you also get access to advanced trading platforms and education, where you can take advantage of actionable research, real-time micro E-mini futures quotes, and other specialized tools.

Micro E-mini futures contract specifications.
Exchange Chicago Mercantile Exchange 
  • S&P 500 futures, MES 
  • NASDAQ-100 futures, MNQ 
  • Dow Jones futures, MYM 
  • Russell 2000 futures, M2K 
Contract Size
  • S&P 500 futures: $5 x the S&P 500 Index 
  • NASDAQ-100 futures: $2 x the Nasdaq 100 
  • Dow Jones futures: $0.50 x the Dow Jones 
  • Russell 2000 futures: $5 x the Russell 2000 
Minimum Tick Size and Value
  • S&P 500 futures: 0.25, worth $1.25 per contract.
  • NASDAQ-100 futures: 0.25, worth $0.50 per contract. 
  • Dow Jones futures: 1.00, worth $0.50 per contract.
  • Russell 2000 futures: 0.10, worth $0.50 per contract. 
Trading Times Micro E-mini futures trade nearly 24 hours per day on the Globex® trading platform, from 5:00 p.m. U.S. ET all the way until 4:00 p.m. U.S. ET the following afternoon.
Principal Trading Months Micro E-mini futures trade on a quarterly cycle. Trading months include March, June, September, and December.

With a Schwab futures account, you also get access to advanced trading platforms and education, where you can take advantage of actionable research, real-time micro E-mini futures quotes, and other specialized tools.

Why trade micro E-mini futures?

  • Futures trading at Schwab

    Take advantage of $1.50 per contract pricing plus specialized tools, research, and support.

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