Micro Contracts On
S&P 500 Index
NASDAQ-100
Russell 2000
Dow Jones Industrial Average
1/10th
The size of regular stock indices
1/10th
The margin required
Understanding Micro Contracts
Micro contracts are a new smaller-sized suite of futures contracts for four major indices: S&P 500, NASDAQ-100, Russell 2000, and the Dow Jones Industrial Average. These contracts allow traders a quick and cost-effective way to trade with four key indices.
All four of the Micro E-mini futures are 1/10 the size of their respective E-mini futures counterparts – allowing all traders futures exposure without the notional constraints of the larger contracts.
For example, while a single E -mini S&P 500 futures contract has a value of $50 times the agreed upon E-mini futures price – the Micro E-mini S&P 500 futures contract has a value of $5 times the agreed upon price. The Micro E-mini contract multiplier varies by product.
While both the Micro E-mini S&P 500 and Micro E-mini Russell 2000 have multipliers of $5, the Micro E-mini Nasdaq-100 has a $2 multiplier, and the Micro E-mini Dow Jones Industrial Average has a 50-cent multiplier.
Learn about Micro Contracts at the CME Group's educational websiteFutures Fees
Fully Electronic Futures Fees (per side with self-directed comission)
| Exchange | Commodity | Exchange Fees | Total Exchange Fees | NFA Fees | Self-Directed Comission | Total Fees | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| CBOT | Micro Electronic Dow | 0.20 | = | 0.20 | + | 0.02 | + | 1.00 | = | 1.22 | |
| CME | Micro Electronic S&P | 0.20 | = | 0.20 | + | 0.02 | + | 1.00 | = | 1.22 | |
| CME | Micro Electronic NASDAQ | 0.20 | = | 0.20 | + | 0.02 | + | 1.00 | = | 1.22 | |
| CME | Micro Russell 2000 | 0.20 | = | 0.20 | + | 0.02 | + | 1.00 | = | 1.22 |