The Russell 2000 Index is the most commonly quoted performance index of small-cap and medium-cap company shares. As a result, the Russell 2000 is often used as a benchmark for investors to see if they identify as small-cap companies. Unlike the S&P 500 and DOW 30, the Russell 2000 is a much larger basket of stocks; therefore, it is a better representative of a broader market pool.
| Russell 2000 Contract Specifications | |
| Product Symbol | Mini-size contract = RTY |
| Trading Hours | CME Globex: Sunday – Friday 6:00 p.m. – 5:00 p.m. ET with trading halt 4:15 p.m. – 4:30 p.m. |
| Units of Trading | Mini-size contract = $50 x Russell 2000 Index |
| Tick Size | Outright: 0.10 index points = $5.00 0.05 index points = $2.50 |
| Contract Listings | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters |
| Trading Halt | CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE). |
| Block Trades | Minimum quantity of 40 contracts |
| Daily Settlement | Daily settlements of the CME Equity Index futures are determined by CME Group staff based on trading and market activity on CME Globex. These include: RTY, NQ, YM, NIY, NK and ENY . Daily settlement of the Micro E-Mini Russell 2000 (M2K) is equal to the daily settlement price of the E-Mini Russell 2000 (RTY) futures. |
| Last Trading Day | Trading teminates at 9:30 a.m. ET on the 3rd Friday of the contract month. |
| Final Settlement | Financially Settled |
| Source: CME Group | |
Last updated April 2020
Additional Info
Recent Posts on Russell 2000
- Trading Small Cap Stocks with E-Mini Russell 2000 Futures (8/13/2020) - If you’re interested in maximizing risk and reward, look no further than the Russell 2000 index. Comprising equity offerings nicknamed the “small caps,” this asset class features the utmost in growth potential for the U.S. equities markets. If you’re an aspiring futures market gunslinger, Micro E-mini and E-mini Russell 2000 futures listed on the Chicago… Read more.
- A Breakdown of the Micro E-Mini Equity Futures Contract (3/20/2020) - Granularity is defined as “the state or quality of being composed of many individual pieces or elements.” In the world of fund managers, the term is used in reference to diversification. For active futures traders, granularity is all about managing exposure.
- E-Mini Russell 2000 Futures FAQ (7/9/2011) - Much attention and trading volume is garnered by the S&P 500 futures and the e-Mini version of that contract. While it is an excellent market to trade, have you ever thought of trading the e-Mini Russell 2000 futures? This article will showcase the e-Mini R2K and give you the opportunity to paper-trade it with real… Read more.