Not since the explosive
moves in the 1970s grain markets and the introduction of financial
futures in the early 1980s has there been a more exciting and
opportunity-laden moment in history to trade actively in the futures
markets. The world is starting to move from pit to PC, and just as in
the phenomenal period of the 1970s and early 1980s, the traders who
have the vision to see this unique opportunity stand to profit
exponentially from it.
Learn
more at http://www.swingtrader.net.
The fastest growing aspect of the futures
markets are the innovative Electronic Miniature (E-mini and Mini-sized
Dow) contracts. The Chicago Mercantile Exchange’s Emini S&P
500 and
Emini Nasdaq 100 futures and the Chicago Board of Trade’s
Mini-sized
Dow Futures are electronically traded, smaller versions of the
institutional sized index products listed at each exchange. They trade
24 hours a day in a 100% electronic environment. Due to the contracts
smaller sizes and the convenience of 100% electronic execution trading
in the Emini class of futures contracts represents one of the best
opportunities available right now to the average trader.
Astute traders who just
a few years ago likely would have become an equities trader are now
also exploring the opportunities to profit offered in the Emini Futures
contracts. With the available margin, ease of risk control and access
to the most liquid markets in the world. Traded from your PC rather
then the pit, this truly represents a win/win situation for today's
trader. The best and brightest are starting to realize that the Emini
Futures contracts offers potential that will accommodate the style of
most online traders.
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E-MINI S&P 500 (ES)
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The E-mini
S&P 500®
futures and options on futures from Chicago Mercantile Exchange are
small but powerful contracts for the individual investor. These
contracts are based on the same leading S&P 500 index as the most
actively traded stock index contract in the world – S&P 500
futures
– but are a fraction of the size. The mini enables you to
participate
in and profit from the benchmark index tracked by pension and mutual
funds around the country.
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| Ticker Symbol |
ES
AON: EG |
| Contract Size |
$50 times
E-mini S&P 500 futures price |
| Price Limits |
5%, 10%, 15%
and 20% |
| Minimum Price Fluctuation (Tick) |
0.25 index
points = $12.50 per contract (Futures calendar spreads: .05 index
points = $2.50 per contract) |
| Contract Months |
March (H),
June (M), September (U),
December (Z) |
| 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 |
| Position Limits |
Position
limits work in conjunction with existing S&P 500 position limits |
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NASDAQ
100
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The NASDAQ-100
Index comprises 100 of the largest domestic, non-financial common
stocks listed on the NASDAQ Stock Market. Created in 1985, this index
is owned and maintained by the NASDAQ Stock Market. The NASDAQ-100
index is rebalanced quarterly and has a modified capitalization
weighting to ensure a more diversified index.
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E-MINI NASDAQ 100 (NQ)
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The U.S. economy
is being transformed by exciting technological changes and advancements
in science and industry. Many of the leading companies involved in this
process are a part of the NASDAQ-100 Index®. CME offers an E-mini
version of the NASDAQ-100 futures at one-fifth the size of the original
NASDAQ-100 futures, making these exciting contracts affordable for all
investors.
|
| Ticker Symbol |
NQ
AON: NV
|
| Contract Size |
$20 times E-mini
NASDAQ-100 futures price. |
| Price Limits |
5%, 10%, 15% and 20% |
| Minimum Price Fluctuation (Tick) |
0.25 index points =
$5 per contract (Futures calendar spreads: .05 index points = $1 per
contract) |
| Contract Months |
March (H),
June (M), September (U),
December (Z) |
| 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 |
| Position Limits |
Position limits work
in conjunction with existing NASDAQ-100 position limits. |
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MINI-SIZED DOW (YM)
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The Mini-Sized
Dow®
futures contract, traded on the Chicago Board of Trade (now the
CME Groups), is based on the Dow Jones Industrial Average (DJIA), which
is the most widely recognized stock index in the world.
|
| Ticker Symbol |
YM |
| Contract Size |
Five dollars ($5) times the Dow Jones Industrial
Average Index. The DJIA is a price-weighted index of thirty (30)
stocks.
|
| Minimum Price Fluctuation (Tick) |
1 index
point = $5.00 per contract
|
| Contract Months |
March (H),
June (M), September (U),
December (Z) |
| Regular Trading Hours (Central
Time) |
6:15 p.m. to 4:00 p.m. Central Time, Sunday
–
Friday. Trading in expiring contracts ceases at 3:15 p.m. Central Time
on the last trading day
|
| Last Trading Day |
The trading day preceding the final settlement
day.
|
| Final Settlement Date |
The third
Friday of the contract month |
| Fungibility |
BIG Dow futures ($25 multiplier), mini-sized Dow
futures ($5 multiplier), and DJIA futures ($10 multiplier) are fungible
contracts.
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| Position Limits |
The aggregate position limit in BIG Dow futures
($25 multiplier), mini-sized futures and options ($5 multiplier), and
DJIA futures and options ($10 multiplier) is 50,000 DJIA futures ($10
multiplier) equivalent contracts, net long or short in all contract
months combined.
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E-MINI RUSSELL 2000 (ER2)
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The E-mini
Russell 2000®
futures and options on futures from Chicago Mercantile Exchange are
quickly becoming an extremely popular contract for futures
traders.
|
| Ticker Symbol |
ER2 |
| Contract Size |
$100 times the
Russell 2000 index price |
| Price Limits |
5%, 10%, 15%
and 20% |
| Minimum Price Fluctuation (Tick) |
0.10=$10.00 |
| Contract Months |
March (H),
June (M), September (U),
December (Z) |
| Regular Trading Hours (Central
Time) |
Mon/Thurs 5:00
p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30
p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-3:15 p.m |
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