Based off of a ‘capitalization-weighted index’, which weighs its components according to their outstanding shares’ market value, the NASDAQ-100 is a stock market index of the largest 100 non-financial companies. The NASDAQ-100 was first utilized in 1985 as a way to promote the NASDAQ.
|NASDAQ-100 Contract Specifications|
|Contract Size||$100 x NASDAQ-100 futures price|
|OUTRIGHT: 0.25; index points=$25.00
CALENDAR SPREAD: 0.05 index points=$5.00
|Trading Hours||CME Globex: Mon-Fri 5:00pm previous day – 4:15pm CT
Trading halt from 8:15am-3:30pm CT
|Open Outcry: Mon-Fri 8:30am-3:15pm CT|
|Contract Months/Symbols||CME Globex: One month in the March Quarterly Cycle (Mar, Jun, Sep, Dec)|
|Open Outcry: Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)|
|Last Trade Date||Open Outcry: 3:15 p.m. on Thursday prior to 3rd Friday of the contract month
CME Globex: On the rollover date (typically eight days prior to last trade date for open outcry) when the lead month goes off the screen and the deferred month becomes the new lead month. View rollover dates
|Settlement Procedure||Daily NASDAQ Settlement Procedure
Final NASDAQ Settlement Procedure
|Daily Price Limit||View price limits details|
|Block Trade Eligibility||Yes.|
|Block Minimum||200 contracts—Outrights only|
|Exchange Rules||These contracts are listed with, and subject to, the rules and regulations of CME.|
Last updated May 2013
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