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As
the U.S. economy evolves due to technology and industry, many of the leading
companies involved in the revolution are part of the NASDAQ 100 Index.
The Chicago Mercantile Exchange has made available an electronic mini
(e-mini) version of the NASDAQ 100 futures at a mere one-fifth the size
of the NASDAQ 100. These new contracts offer investors an exciting and
more affordable new way to invest.
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Contract
Specs
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Trade
Unit
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$20
times the NASDAQ-100 Index
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Point
Descriptions
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.01
index points =$.20
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Contract
Listing
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Nearest
two months in the March Quarterly Cycle. Mar, Jun, Sep, Dec.
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Strike
Price Interval
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N/A
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Product
Code
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Clearing=NQ
Ticker=NQ
AON=NV
(250 Threshold)&
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Trading
Venue: GLOBEX®
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Hours
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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.)^^^^^(AON FLOOR ONLY! 8:30 a.m.-3:15 p.m.)
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Listed
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All
listed series
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Strike
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N/A
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Limits
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Price
limit corresponding to a 5% INCREASE or DECREASE from the Prior
Settlement Price.
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Minimum
Fluctuation
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Regular
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0.50=$10.00
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Calendar
Spread
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0.05=$1.00
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Listed
E-Mini NASDAQ-100 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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Trades
on GLOBEX Only
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CME
Rule Book Chapter
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359
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Settlement
Type
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Cash
Settled
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Remember, the risk of loss exists with all futures trading, which includes e-mini futures as well. Only risk capital should be invested. |
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