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
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