Why are Micro E-mini useful for participants looking to gain exposure to the equity futures market?

• To make more market accessible to all, CME Group offers the Micro E-mini suite of futures, which feature multipliers 1/10 the size of their E-mini counterparts (i.e., $5 multiplier for Micro E-mini S&P 500 futures contract vs. $50 for ES futures).

• Micro E-mini futures can help investors manage some of the risk associated with the stock allocation in their portfolios without actually disturbing their stock portfolios. 

• Traders can respond to market moving events as they occur around the globe.

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What are the differences between the currently listed E-mini products and the recently announced Micro E-mini products?

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How many contracts will be listed at a given time?

There will be five months listed in the March Quarterly Cycle (Mar, Jun, Sep, Dec) for S&P 500, Nasdaq-100 and Russell 2000 Micro E-mini futures. Dow Micro E-mini futures will list four months.

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Are there circuit breakers on Micro E-mini products?

CME Group U.S. Equity Index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE). Micro E-mini contracts will follow the same rules as their E-mini counterparts.

• 7%, 13%, and 20% price limits are applied to the futures fixing price and are effective from 8:30 a.m. CT – 3:00 p.m. CT. Mondays through Fridays. This only applies to the downside.

• 7% up-and-down limits are effective 5:00 p.m. - 8:30 a.m. CT. Sundays through Fridays; and 3:00 p.m. - 4:00 p.m. CT, Mondays through Fridays. Between 3:00 p.m. - 4:00 p.m. the 7% price limit will not be allowed to breach the 20% daily limit.

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Where can I find more information on Micro E-mini products?

Get the latest information on Micro E-mini products.

You can fill out the form on this page to stay up-to-date on Micro E-mini product updates.

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