The E-mini Nasdaq-100 Futures Contract (NQ) provides liquid, direct exposure to the top 100 non-financial companies listed on the Nasdaq exchange. With a contract multiplier of $20 per index point, NQ is one of the premier equity index derivatives for institutional and active retail traders. Traders seeking smaller capital commitments can also trade the 1/10th size Micro E-mini Nasdaq-100 (MNQ) contract with competitive day margins. Review full specifications below or open an account with Lincoln Park Financial.
E-Mini Nasdaq-100 Futures
NQ
CME
$20 x Nasdaq-100 Index
Sunday to Friday: 5:00 PM to 4:00 PM CT (Daily maintenance halt: 4:00 PM to 5:00 PM CT)
$5.00 per contract (0.25 × $20)
Quarterly cycle: March (H), June (M), September (U), December (Z)
Financially cash settled on the third Friday of the contract month.
Day Trading Margins
Overnight Margins
Explore competitive day trading margins across all index benchmarks on our futures margins page, view transparent broker commissions, or review sister contracts including Micro E-mini Nasdaq-100 (MNQ), E-mini S&P 500 (ES), and E-mini Dow (YM).
Ready to trade deep CME tech liquidity? Open an account with Lincoln Park Financial today.
Official Exchange Source: CME Group E-mini Nasdaq-100 Contract Specifications
Contract specifications and margin parameters are set by CME Group and subject to change without notice. Lincoln Park Financial delivers personalized broker service and direct market access.
E-mini Nasdaq-100 (NQ) futures are standardized futures contracts that track the Nasdaq-100 Index. They allow traders to gain exposure to the performance of the top 100 non-financial companies listed on Nasdaq without buying individual stocks. NQ futures are cash-settled and trade nearly 24 hours per day, making them ideal for both hedging and speculative strategies.
Each E-mini Nasdaq-100 (NQ) futures contract represents $20 × Nasdaq-100 Index points. For example, if the index is at 15,000, one NQ contract has a notional value of $300,000. This smaller contract size compared to full Nasdaq futures makes NQ accessible to individual and institutional traders alike.
NQ futures move in minimum increments of 0.25 index points. Each tick is worth $5 per contract, and a full 1-point move in the Nasdaq-100 Index equals $20 per contract. Understanding tick value helps traders calculate potential gains and losses accurately.
NQ futures offer leverage, extended trading hours, and direct index exposure, while ETFs like QQQ provide stock-like trading without leverage. NQ is better suited for active traders and hedgers, whereas ETFs are more appropriate for long-term investors or those seeking lower risk.
Traders favor NQ futures for their deep liquidity, tight spreads, high leverage, and nearly 24-hour market access. These features make NQ one of the most actively traded equity index futures contracts globally, suitable for both speculative and hedging strategies.
For smaller accounts, traders frequently trade MNQ (Micro E-mini Nasdaq-100) futures, which require only 0 day trading margins. NQ is designed for larger accounts seeking standard size exposure (0 per point).
To begin trading NQ futures, open a futures account with Lincoln Park Financial. We offer low day margins, transparent pricing, and multiple professional platforms including CQG and Rithmic.
NQ futures respond quickly to economic reports, earnings announcements, Fed policy, and geopolitical events. Traders monitor these events to anticipate index moves and adjust positions accordingly. The nearly 24-hour trading schedule allows rapid reaction to global news.
MNQ futures are exactly 1/10th the size of NQ ( per index point vs 0 per index point). MNQ requires lower day margins and allows flexible position sizing. Compare full details on our Micro E-mini Nasdaq specs page.
Speak with our experienced futures brokers at 312-500-4730 to discuss how we can service your futures trading needs.