| Specs |
E-Mini NASDAQ
Futures Contract |
| Size |
20 times the NASDAQ futures Index. If, for
example, the NASDAQ futures contract is trading at 1,400.00,
the value of one contract is $28,000. |
| Movement Value |
Each 100-point move ("handle")
in the E-Mini NASDAQ futures contract equals $20. A two
"handle" move from 1100.00 to 1102.00 equals
$40. A one-half "handle" move from 1400.00 to
1400.50 equals $10. |
| Minimum Price Fluctuation (Tick) |
.50 index points = $10 per contract (Futures
calendar spreads: .05 index points = $1 per contract) |
| Contract Months |
March June Sep Dec |
| Regular Trading Hours (Central
Time) |
Virtually 24 hours per day (from 5:30 p.m.
Sunday to 3:15 p.m. Friday) |
| Last Trading Day |
Trading can occur up to 8:30 a.m. (Chicago
Time) on the third Friday of the contract month |
| Final Settlement Date |
The third Friday of the contract month |
| Margin |
$1000 For Mini Nasdaq day trades $3500 Overnight |
