Micro E-mini Russell 2000 Futures (M2K) — Contract Specifications
CME · Equity Index · $5 × Russell 2000 index vs $50 × Russell 2000 index for RTY
Contract specifications
| Exchange symbol | M2K |
|---|---|
| Exchange | CME |
| Contract size | $5 × Russell 2000 index |
| Minimum tick | 0.10 index points |
| Value per tick | $0.50 |
| Contract months | Mar, Jun, Sep, Dec |
| Settlement | Cash settled |
| Smaller version of | RTY |
What one tick is worth
The minimum price increment is 0.10 index points. Because the contract covers $5 × Russell 2000 index, each tick is worth $0.50 per contract. That is the appeal of the smaller size: identical price exposure per tick as RTY, at a fraction of the notional.
This contract is cash settled, so there is no delivery obligation and no first notice day. Positions settle in cash against the reference price.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| E-mini Russell 2000 RTY · CME | $50 × Russell 2000 index | $5.00 |