- Contract Size
- $100 x Russell 2000
- Tick Size
- 0.10 = $10.00
About CME E-mini Russell 2000 Futures
E-mini Russell futures at the IntercontinentalExchange have been designed to track the Russell 2000 Index, which measures the performance of the 2000 smallest companies in the Russell 3000 Index. Thus, the Russell 2000 represents approximately 8% of the total market capitalization of the Russell 3000 Index, which in turn measures the performance of the 3,000 largest U.S. companies based on total market capitalization (representing approximately 98% of the investable U.S. equity market).
The Russell Investment Group designed the Russell 2000 Index to be a comprehensive representation of the investable U.S. small-capitalization equity market. The Index is value-weighted and includes only common stocks belonging to corporations domiciled in the U.S. and its territories. The Russell 2000 Index serves three main purposes: it acts as a performance standard for active managers, it serves as a proxy for asset allocation purposes, and it becomes a purchasable and replicable vehicle for passive investment strategy.
Since its inception, the Russell 2000 Index has become the premier measure of small-capitalization stocks and is widely followed by U.S. fund managers. The Chicago Mercantile Exchange's 1993 introduction of Russell 2000 futures and options gave investors the opportunity to manage small-cap portfolio risk, as well as to gain exposure to this market segment.
E-mini Russell 2000 futures are powerful and versatile instruments, whether you intend to risk your own capital for investment reward, or wish to insulate your stock portfolio from risk. Russell futures afford some unique advantages, allowing you to:
Participate in small-cap market moves with one trading decision, without having to select individual issues. The E-mini Russell futures index is designed to be an accurate proxy for a diversified portfolio of small-cap U.S. stocks.
You may be able to protect the value of a small-cap stock portfolio during adverse markets. If you own small-cap stocks, you can hedge your risk by selling E-mini Russell 2000 futures. If the market declines, your futures profits may offset some or all of your stock losses.
You may benefit from a bull market move even before funds become available to purchase stock. Like all futures contracts, Russell index futures require only a small margin deposit, so you can trade stock index futures contracts with a relatively small investment.
CME E-mini Russell 2000 Futures Specifications
E-mini Russell 2000 futures, IntercontinentalExchange (ICE), symbol TF. Contract size is $100 x the Russell 2000 Index. Minimum tick is 0.10 = $10.00.
E-mini Russell futures trade nearly 24 hours per day on the ICE, from 8:00 PM US EST all the way until 6:00 PM US EST the following afternoon.
E-mini Russell 2000 futures trade on a quarterly cycle. Trading months include March, June, September, and December.
Please see the disclosures page for additional information regarding this section.