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E-MINI RUSSELL 2000
CME® E-mini® Russell 2000® futures are the latest addition to the CME E-mini stock index complex, joining the two fastest-growing products in the Exchange's history: the CME E-mini S&P 500® and CME E-mini NASDAQ-100® futures contracts.
For this CME E-mini contract, the benchmark index on which it is based is the Russell 2000 Index, a capitalization-weighted index of approximately 2,000 actively traded, small-capitalization U.S. stocks on the New York Stock Exchange, the American Stock Exchange and The Nasdaq Stock Market.
These futures offer financial institutions, investment managers, corporations and private investors a cost-effective way to manage small-cap portfolio risk as well as gain exposure to the small-cap equity market.
The Russell 2000 Index serves three main purposes:
act
as a performance standard for active managers,
serve
as a proxy for asset allocation purposes, and
become
a purchasable and replicable vehicle for passive investment strategy.
Companies listed in the Russell 2000 Index account for approximately eight percent of the total market capitalization in the Russell 3000 Index. Only common stocks belonging to U.S. incorporated corporations are eligible for inclusion. At the time of the Index's yearly June 30th rebalancing, the top 3,000 U.S. securities are ranked by descending total market capitalization-the smallest 2,000 securities comprise the Russell 2000 Index.
Among the sectors that are tracked in the Russell 2000 Index are financial services, health care, technology, consumer discretionary and material processing.
The CME E-mini Russell 2000 futures contract trades two months in the March quarterly cycle and moves in .10 index points, or $1.00 per contract.
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CME E-mini Russell 2000® Futures |
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Trade Unit |
$100 times the Russell 2000? index price |
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Point Descriptions |
1 point = .01 index points =$1.00 |
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Contract Listing |
Two months in the March Quarterly Cycle. Mar, Jun, Sep, Dec. |
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Strike Price Interval |
N/A |
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Product Code |
Clearing=ER |
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Trading Venue: CME® Globex® |
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Hours |
Mon/Thurs 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-3:15 p.m. Month end(3:15 p.m.) LTD(8:30 a.m.)^^^^^ |
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Listed |
N/A |
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Strike |
N/A |
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Limits |
5%, 10%, 15% and 20% limits. See Equity limits (See Equity limits) |
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Minimum Fluctuation |
Regular |
0.10=$10.00 |
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Calendar Spread |
0.05=$5.00 |
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Listed CME E-mini Russell 2000® Futures Contracts |
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Months Traded |
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H, M, U, Z Month Key Code |
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Eligible Months |
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2 |
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Currently Listed |
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2 |
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Last Day of Trading Rule |
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The business day of determination of the Final Settlement Price (normally, the 3rd Friday of the contract month). |
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New Contract Listing Rule |
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The day after the front month expires. |
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Special Notes |
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None |
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CME Rule Book Chapter |
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361 |
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Settlement Type |
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Cash Settled |
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Seq. |
Contract |
Product |
First |
Last |
Cash |
Delete |
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1 |
Dec 2005 |
ERZ5 |
06/20/05 |
12/16/05 |
12/16/05 |
12/22/05 |
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2 |
Mar 2006 |
ERH6 |
09/19/05 |
03/17/06 |
03/17/06 |
03/23/06 |
ProActive Futures
255 Executive Dr, Suite 410, Plainview, NY 11803 Phone: 1-877-393-5916 More
Info |
