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E-Mini Nasdaq Futures trading from Futures Trading Platforms
E-Mini
Nasdaq
Futures
Trading
Ticker Symbol: NQ
Charting Symbol's are as follows, NQ1M or NQM1 are the most common.
Note: All trading in the E-Mini Nasdaq will occur on GLOBEX with the exception of all or none trades during RTH trading hours. Trading shall continue on GLOBEX until 8:30 a.m. the day following the last day of trading on the Trading Floor.
GLOBEX Trading Hours for E-Mini's
3:45pm CST- 3:15pm CST (the next day) Monday through Friday.
5:30pm CST on Sunday - 3:15PM CST which is Monday's close.
Also on Monday through Thursday from 10:00pm CST - 11:00pm CST
the E-mini Nasdaq futures contract pauses and does not trade for about 1 hour.
Quotation: U.S. Dollars per Index Point
Contract Size: $20 x Nasdaq Stock Index
Delivery Months: March (H), June (M), September (U), December (Z)
Minimum Tick (Size/Value): 0.50 or $10.00
1882.00
1181.50
1181.00
1180.50
1180.00
Each minimum fluctuation is .50 which is $10.00 and 1.00 is $20.00.
One full point for example from 1180.00 to 1181.00 is 1.00 which is $20.00
Contract size calculation example: lets say the E-Mini Nasdaq futures contract is trading at 1180.00, well at $20.00 per point multiplied by 1180.00 you get the contract size of $23,600.00
If the day trading margin to trade and hold 1 e-mini nasdaq futures contract during the day is approximately $3375.00 Initial margin. $23,600 divided by $3375 shows you a controlling leverage of about 7 to 1.
Keep in mind even though mathematically the leverage in the e-mini s&p is greater, the e-mini nasdaq futures contract is much more volatile that the e-mini s&p contact so it is NOT correct to assume when comparing the two leverages together.
There are no up tick rules like in the stock market, and you can freely Buy and Sell according to how much margin you have in your trading account
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Past performance is not indicative of future results. The risk of loss in trading Futures and Options can be substantial. Futures and Options trading may not be suitable for everyone. Therefore, you should carefully consider the risks in light of your financial condition and trading objectives before deciding whether to trade. It is possible to lose more than the initial investment. The risks must be understood prior to trading.
If you need help please talk to one of our Futures Trading Brokers.
E- Mini Nasdaq Futures information from Futures Trading Platforms