E-mini Russell 2000 futures
E-mini Russell futures have been designed to track the Russell 2000 Index, which measures the performance of the 2000 smallest companies in the Russell 3000 Index. Thus, the Russell 2000 represents approximately 8% of the total market capitalization of the Russell 3000 Index, which in turn measures the performance of the 3,000 largest U.S. companies based on total market capitalization (representing approximately 98% of the investable U.S. equity market).
The Russell Investment Group designed the Russell 2000 Index to be a comprehensive representation of the investable U.S. small-capitalization equity market. The Index is value-weighted and includes only common stocks belonging to corporations domiciled in the U.S. and its territories. The Russell 2000 Index serves three main purposes: it acts as a performance standard for active managers, it serves as a proxy for asset allocation purposes, and it becomes a purchasable and replicable vehicle for passive investment strategy.
Since its inception, the Russell 2000 Index has become the premier measure of small-capitalization stocks and is widely followed by U.S. fund managers. The Chicago Mercantile Exchange's 1993 introduction of Russell 2000 futures and options gave investors the opportunity to manage small-cap portfolio risk, as well as to gain exposure to this market segment.
E-mini Russell 2000 futures, CME Group (CME), symbol RTY. Contract size is $50 x the Russell 2000 Index. Minimum tick is 0.10 = $5.00.
E-mini Russell futures trade nearly 24 hours per day on CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. U.S. ET with trading halt 4:15 p.m. - 4:30 p.m.
E-mini Russell 2000 futures trade on a quarterly cycle. Trading months include March, June, September, and December.