The Russell 2000 Index consists of 2000 small cap companies. This latest
addition to CME's E-mini stock index complex joins the two fastest-
growing products in the Exchange's history: the E-mini S&P 500 and
E-mini NASDAQ-100 futures contracts. Like its predecessors, the E-mini
Russell 2000 is one-fifth the size of its standard counterpart. In comparison,
the E-Mini Russell 2000 trades in increment of 0.10 points, with each tick
equaling $10, along with a wider range than the E-Mini S&P 500. This
product once again is known for its low margin requirements, liquidity,
along with electronic execution making it appealing to the individual investor.
Ticker Symbol: ER
Contract Size: $100 times the Russell 2000 Stock Index
Minimum Fluctuation: 0.10 = $10.00
Trading Venue: Globex
Trading Hours: Virtually 24 hours per day (from 5:30 p.m. . Sunday to . 3:15 p.m. Friday)
Final Settlement Date: The third Friday of the contract month
In a nutshell, every tick the Emini Russell moves is equivalent to a $10.00 move in value per contract . Each tick is .10 or $10.00 ; each point is 1.00 or $100 per contract. Most brokers will require an account minimum of $2000 per contract to trade.
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