Micro E-mini Nasdaq-100 Futures (MNQ) — Contract Specifications
CME · Equity Index · $2 × Nasdaq-100 index vs $20 × Nasdaq-100 index for NQ
Contract specifications
| Exchange symbol | MNQ |
|---|---|
| Exchange | CME |
| Contract size | $2 × Nasdaq-100 index |
| Minimum tick | 0.25 index points |
| Value per tick | $0.50 |
| Contract months | Mar, Jun, Sep, DecMonth codes: H, M, U, Z |
| Settlement | Cash settled |
| Trading hours | Sun–Fri 18:00–17:00 ET, 15-minute break each day at 16:15 ET |
| Smaller version of | NQ |
What one tick is worth
The minimum price increment is 0.25 index points. Because the contract covers $2 × Nasdaq-100 index, each tick is worth $0.50 per contract. That is the appeal of the smaller size: identical price exposure per tick as NQ, 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 Nasdaq-100 NQ · CME | $20 × Nasdaq-100 index | $5.00 |