Financial Markets
Contract Specifications

S&P Futures Contract Specifications

E-mini S&P 500 Futures (ES)

  • Trading Symbol: ES
  • Contract Size: $50 × S&P 500 Index
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 0.25 index points
  • Tick Value: $12.50 per contract (0.25 × $50)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $12,650 (as of April 2025, per CME Group)
  • Maintenance Margin: $11,500 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Mercantile Exchange)

Micro E-mini S&P 500 Futures (MES)

  • Trading Symbol: MES
  • Contract Size: $5 × S&P 500 Index
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 0.25 index points
  • Tick Value: $1.25 per contract (0.25 × $5)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $1,265 (as of April 2025, per CME Group)
  • Maintenance Margin: $1,150 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Mercantile Exchange)

Nasdaq Futures Contract Specifications

E-mini Nasdaq-100 Futures (NQ)

  • Trading Symbol: NQ
  • Contract Size: $20 × Nasdaq-100 Index
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 0.25 index points
  • Tick Value: $5.00 per contract (0.25 × $20)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $19,800 (as of April 2025, per CME Group)
  • Maintenance Margin: $18,000 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Mercantile Exchange)

Micro E-mini Nasdaq-100 Futures (MNQ)

  • Trading Symbol: MNQ
  • Contract Size: $2 × Nasdaq-100 Index
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 0.25 index points
  • Tick Value: $0.50 per contract (0.25 × $2)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $1,980 (as of April 2025, per CME Group)
  • Maintenance Margin: $1,800 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Mercantile Exchange)

DOW Futures Contract Specifications

E-mini Dow Jones Industrial Average Futures (YM)

  • Trading Symbol: YM
  • Contract Size: $5 × Dow Jones Industrial Average Index
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 1 index point
  • Tick Value: $5.00 per contract (1 × $5)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $9,900 (as of April 2025, per CME Group)
  • Maintenance Margin: $9,000 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Micro E-mini Dow Jones Industrial Average Futures (MYM)

  • Trading Symbol: MYM
  • Contract Size: $0.50 × Dow Jones Industrial Average Index
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 1 index point
  • Tick Value: $0.50 per contract (1 × $0.50)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $990 (as of April 2025, per CME Group)
  • Maintenance Margin: $900 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Russell 2000 Futures Contract Specifications

E-mini Russell 2000 Futures (RTY)

  • Trading Symbol: RTY
  • Contract Size: $50 × Russell 2000 Index
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 0.10 index points
  • Tick Value: $5.00 per contract (0.10 × $50)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $7,150 (as of April 2025, per CME Group)
  • Maintenance Margin: $6,500 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Mercantile Exchange)

Micro E-mini Russell 2000 Futures (M2K)

  • Trading Symbol: M2K
  • Contract Size: $5 × Russell 2000 Index
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 0.10 index points
  • Tick Value: $0.50 per contract (0.10 × $5)
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $715 (as of April 2025, per CME Group)
  • Maintenance Margin: $650 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Mercantile Exchange)

Interest Rate Futures Contract Specifications

30-Year U.S. Treasury Bond Futures (ZB)

  • Trading Symbol: ZB
  • Contract Size: $100,000 face value
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 1/32 of a point ($31.25 per contract)
  • Tick Value: $31.25 per contract
  • Settlement Method: Physically settled (delivery of eligible U.S. Treasury bonds)
  • Initial Margin: $8,250 (as of April 2025, per CME Group)
  • Maintenance Margin: $7,500 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

10-Year U.S. Treasury Note Futures (ZN)

  • Trading Symbol: ZN
  • Contract Size: $100,000 face value
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 1/64 of a point ($15.625 per contract)
  • Tick Value: $15.625 per contract
  • Settlement Method: Physically settled (delivery of eligible U.S. Treasury notes)
  • Initial Margin: $2,970 (as of April 2025, per CME Group)
  • Maintenance Margin: $2,700 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

5-Year U.S. Treasury Note Futures (ZF)

  • Trading Symbol: ZF
  • Contract Size: $100,000 face value
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 1/128 of a point ($7.8125 per contract)
  • Tick Value: $7.8125 per contract
  • Settlement Method: Physically settled (delivery of eligible U.S. Treasury notes)
  • Initial Margin: $1,925 (as of April 2025, per CME Group)
  • Maintenance Margin: $1,750 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

2-Year U.S. Treasury Note Futures (ZT)

  • Trading Symbol: ZT
  • Contract Size: $200,000 face value
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 1/128 of a point ($15.625 per contract)
  • Tick Value: $15.625 per contract
  • Settlement Method: Physically settled (delivery of eligible U.S. Treasury notes)
  • Initial Margin: $1,485 (as of April 2025, per CME Group)
  • Maintenance Margin: $1,350 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Board of Trade)

Three-Month SOFR Futures (SQ)

  • Trading Symbol: SQ
  • Contract Size: $25 per basis point of annualized interest rate
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: 0.005 index points ($12.50 per contract)
  • Tick Value: $12.50 per contract
  • Settlement Method: Cash-settled (financially settled)
  • Initial Margin: $1,320 (as of April 2025, per CME Group)
  • Maintenance Margin: $1,200 (as of April 2025, per CME Group)
  • Contract Months: Mar (H), Jun (M), Sep (U), Dec (Z)
  • Exchange: CME Group (Chicago Mercantile Exchange)