E-mini NASDAQ-100 Futures - Get the latest E-mini NASDAQ-100 futures prices (quotes), charts, futures contract specifications, E-mini NASDAQ-100 futures news.
Disclaimer: This material is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
|Contract Specification||E-mini NASDAQ-100 Futures|
|CME Globex Product Symbol (Electronic Trading)||NQ|
|Contract Size||Each futures contract shall be valued at $20.00 times the Nasdaq 100 Index. The Nasdaq 100 Index is a modified capitalization weighted stock index of 100 of the largest non-financial stocks traded on the Nasdaq National Market.|
|CME Globex Hours||MON-THURS: 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m. (Daily maintenance shutdown 4:30 p.m.-5:00 p.m.) SUN: 5:00 p.m.-3:15 p.m.|
|Minimum Fluctuation||Bids and offers shall be quoted in terms of the Nasdaq 100 Index. The minimum fluctuation of the futures contract shall be 0.25 index points, equivalent to $5.00 per contract. Trades may also occur in multiples of 0.05 index points, for E–Mini Nasdaq 100 futures calendar spreads executed as simultaneous transactions pursuant to Rule 542.A.|
|Position Limits||A person shall not own or control more than 10,000 Nasdaq 100 Index contracts or equivalent contracts net long or net short in all contract months combined. For purposes of this rule, an E–Mini Nasdaq 100 Index contract shall be deemed equivalent to one fifth (0.20) of a Nasdaq 100 Index futures contract. For positions involving options on E–Mini Nasdaq 100 Index futures, this rule is superseded by the option speculative position limit rule.|
|Accumulation of Positions||For purposes of this rule, the positions of all accounts directly or indirectly owned or controlled by a person or persons, and the positions of all accounts of a person or persons acting pursuant to an expressed or implied agreement or understanding, and the positions of all accounts in which a person or persons have a proprietary or beneficial interest, shall be cumulated.|
|Price Limits||For purposes of rules determining price limits and trading halts, RTH and ETH refer to, respectively, the Regular Trading Hours and the Electronic Trading Hours of the Nasdaq 100 Index Futures.
At the open of RTH, there shall be Price Limits corresponding to a 10.0%, 20.0% and 30% decline below the Reference RTH Price.
The Price Limits shall be calculated at the beginning of each calendar quarter, based upon the average closing price of the Nasdaq 100 Index futures contract whose expiration date matches that of the current primary E–Mini futures contract, during the month prior to the beginning of the quarter (P) and rounded, as follows:
5.0% Price Limit equals One half of the 10% Price Limit rounded down to nearest integral multiple of 1 index point
10.0% Price Limit equals 10% of P rounded down to nearest integral multiple of 10 index points
20.0% Price Limit equals 2 times the 10.0% Price Limit
30.0% Price Limit equals 3 times the 10.0% Price Limit
When the primary futures contract is limit offered at the 10.0% Price Limit, a 10-minute period shall commence. If the primary futures contract is limit offered at the end of the 10-minute period, trading shall terminate for a period of two minutes, after which time the market shall reopen. The next applicable price Limit shall apply to such reopening.
When the primary futures contract is limit offered at the 20.0% Price Limit, a 10-minute period shall commence. If the primary futures contract is limit offered at the end of the 10-minute period, trading shall terminate for a period of two minutes, after which time the market shall reopen. The 30% Price Limit shall apply to such reopening and shall represent the Total Daily Price Limit.
|Trading Halt||If there is an NYSE Rule 80B trading halt declared in the primary securities market, trading shall be halted. Once trading in the primary securities market resumes after an NYSE Rule 80B trading halt, trading on the E–Mini Nasdaq 100 Index futures contract shall resume.
If an NYSE Rule 80B trading halt becomes inapplicable, the corresponding Price Limit shall likewise become inapplicable. E.g., if an NYSE Rule 80B trading halt, triggered by a 10% or a 20% decline in the Dow Jones Industrial Average, has been declared in the primary securities market, and trading in the primary securities market has recommenced, then the 10.0% or 20.0% Price Limits shall become inapplicable, respectively. E.g., when the NYSE Rule 80B 10.0% price limit provisions are suspended after 2:30 p.m. Eastern time, then the 10.0% Price Limit shall become inapplicable. Trading on the E-Mini Nasdaq 100 Index futures contract shall continue and the next applicable Price Limit shall apply.
|Opening Time||If either a trading halt was in effect or the primary futures contract was locked at a limit at the close of trading, then the opening time of trading on GLOBEX® shall be delayed until 6:00 p.m. During Electronic Trading Hours (ETH), there shall be no trading of E-Mini Nasdaq 100 Index futures at a price more than the 5.0% Price Limit above or below the Reference RTH Price. If the market is limit bid or limit offered fifteen (15) minutes prior to the opening of the RTH, and remains limit bid or limit offered five (5) minutes prior to the opening of the RTH, there shall be a trading halt in effect until the commencement of Regular Trading hours (RTH). During the trading halt, the Exchange shall provide an indicative opening price for the re-opening of trading on GLOBEX, if applicable, pursuant to Rule 573. Once RTH commences, the next applicable trading limit shall be in effect.|
|Listed Contracts||Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)|
|Final Settlement Price||The Final Settlement Price shall be determined on the third Friday of the contract month or, if the Nasdaq 100 Index is not scheduled to be published for that day, on the first earlier day for which the Index is scheduled to be published.
The Final Settlement Price shall be a Special Opening Quotation of the Nasdaq 100 Index to be determined by the Nasdaq Stock Market Inc. (“Nasdaq”). If the Nasdaq does not open on the day scheduled for the determination of the Final Settlement Price, then the Final Settlement Price shall be the Special Opening Quotation of the first subsequent day on which Nasdaq does open.
The Special Opening Quotation of the Nasdaq 100 Index shall be based on the Nasdaq Official Opening Price (NOOP) of Nasdaq 100 Index stocks.
If a component stock in the index does not trade after 8:30 a.m. and before 3:00 p.m. on the day scheduled for determination of the Final Settlement Price while Nasdaq is open for trading, the price of that stock shall be determined, for the purposes of calculating the Final Settlement Price, based on the closing price of that stock on the preceding trading day. However, if the President of the Exchange or his delegate determines that there is a reasonable likelihood that trading in the stock shall occur shortly, the President or his delegate may instruct that the price of stock shall be based, for the purposes of calculating the Final Settlement Price, on the NOOP of the stock on the next day that it is traded on its primary market. Factors to be considered in determining whether trading in the stock is likely to occur shortly shall include the nature of the event and recent liquidity levels in the affected stock.
|Final Settlement||Clearing members holding open positions in an E–Mini Nasdaq 100 Index futures contract at the time of termination of trading in that contract shall make payment to or receive payment from the Clearing House in accordance with normal variation performance bond procedures based on a settlement price equal to the final settlement price.|
|Exchange Rule||These contracts are listed with, and subject to, the rules and regulations of CME.|
There are many different types of e-mini futures on the market today, which cost a fraction of a traditional futures contract price. If a trader has less capital on hand or wants to minimize risk, these more minor contracts can help.
The E-mini Nasdaq 100 Futures offered by the Chicago Mercantile Exchange are perfect for traders of all experience levels. Their smaller size and lower overall risk make them an excellent choice for any trader.
Cannon Trading would love to help traders of all skill levels learn more about E-mini Nasdaq 100 futures. Our team of brokers can help people take the necessary steps toward navigating the market. We work closely with traders from all backgrounds to help them learn how to navigate the market.
An E-mini future is a small futures contract, which gives traders the ability to trade and navigate the market with less capital.
E-mini Nasdaq 100 Futures have a basis in many different companies in various sectors, from technology to agriculture. This type of E-mini future pulls data from 100 large-scale companies, providing a weighted index for usage in the futures market.
Since this type of contract pulls information from many different companies in various industries, traders can experience changes and fluctuations across a large scale of markets in a short period.
Many traders have been interested in E-mini futures since they were created by the Chicago Mercantile Exchange (CME) in 1997.
These small contracts give traders the freedom to participate in the market with smaller contract size. Since the contracts usually tend to be much smaller, traders can use less capital, yet there are still risks associated with futures trading, even with smaller contracts..
Additionally, E-mini futures are offered in various competitive industries, which can help traders diversify their portfolios.
Here are just a few of the types of E-mini contracts on the market today:
We work closely with traders to ensure that they have access to the best futures trading tools before trading the market. Our platforms and resources can help traders learn more about the E-mini futures and the steps involved in participating in the market.
E-mini futures have many benefits, which traders are starting to take notice of today. These benefits help traders participate in the market in a more diversified way.
Cannon Trading can help make this process even more accessible. Our team of professional brokers would be happy to help people learn more about the market. Our online platforms and demos can help provide clients with the necessary tools to understand the market.
To make this process easier for our customers, we've listed the various benefits associated with E-mini futures:
It is easy to see why traders have enjoyed E-mini futures trading for decades with all of these diversification
E-mini futures make it easy for investors to participate in the futures markets in many industries. These contracts can help traders learn more about market behavior, especially since traders get to experience many different types of industries and markets trading.
E-mini Nasdaq 100 futures give traders a look into the top 100 Nasdaq stocks available, which can provide traders with an in-depth look at the market without picking one specific stock to trade.
Since E-mini futures are much smaller than traditional contracts, they allow for better risk management, which is incredibly convenient for smaller traders with less capital.
We recommend starting with E-mini futures for traders who want to get a good grasp on the market. They provide information about the many different markets involved in futures and commodities trading.
E-mini futures are also ideal for traders looking to diversify their portfolios. Since E-mini futures have a basis in many different markets, they are helpful for traders that either wish to branch out or do not yet have a specialization.
Cannon Trading can help traders navigate the market. We understand it can seem unclear to learn about the many different industries and markets that E-mini Nasdaq futures encompass.
Thankfully, our team of brokers makes it as simple as possible for traders to access the tools and resources they need. We understand it can seem like a challenge, especially if this is your first time learning to navigate the market. Our team would be happy to help as much as possible, providing traders with the platforms and information required to analyze market trends and changes.
Our team recommends learning about the market before participating in it. It is beneficial to learn trends, fluctuations, and other factors before deciding to trade for the first time. Our brokers work directly with traders, helping them access the necessary materials before trading begins.
Our experienced team of brokers is one of the first in the online futures trading industry. We opened our doors in 1988, which has led us to network with various traders across the nation and the world.
Since we opened, we have received several customer service awards and have consistently maintained good standing with the NFA and CFTC, our regulators.
At Cannon Trading, we have the tools traders need to make informed decisions before investing in the futures market.
We provide access to cutting-edge software and programs that can put our traders at the forefront of the industry. We have significant knowledge of the mini futures market, among many others, and we want to help our clients take full advantage of the growing industry.
Cannon Trading's experienced brokers can help clients learn more about futures, offering insight into the overall structure of the market, as well.
We work with traders, investors, and entities from many different backgrounds, including:
Whether you're a beginner trader or an experienced one, our brokers can help you navigate the market. We also provide traders with tools they need to make the most of the volatile futures market.
Our professional commodities brokers will work with you to understand your specific trading style and requirements and provide you with the essential advice and information you need to thrive in this highly regulated market.
Cannon Trading's Broker-assisted Trading solution provides traders new to the field with the essential advice and tools they need to accelerate their understanding of whichever markets they are interested in.
Contact us today to learn more about commodities trading and information on options on commodities and futures.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve a substantial risk of loss and are not suitable for all investors.
Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you regarding your circumstances, knowledge, and financial resources.
You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
You and your broker will work together to achieve your trading goals. We develop long term
relationships with our clients so that we can grow and improve together.
Learn More About Choosing Cannon
Posts by the Cannon Trading Blog.