Russell 2000 Futures

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 = TF Block Trade Symbol = TS
Trading Hours	On Sunday evenings, trading begins at 6:00 PM NY local time.
Units of Trading	Mini-size contract = $100 X Index
Tick Size	Tick Size .10 = $10 Calendar Spreads = .05
Contract Listings	Four months in the March/June/September/December quarterly expiration cycle
Trading Halt	When a trading halt occurs on the New York Stock Exchange pursuant to NYSE Rule 80B, trading in Russell futures contracts is halted.
Block Trades	Minimum quantity of 20 contracts
Daily Settlement	The volume-weighted average price of all electronic trades transacted in the closing session (16:14 to 16:15 ET)
Last Trading Day	Last trading day is the third Friday of the expiration month. Trading ceases at 09:30 ET.
Final Settlement	Cash settlement to a special calculation of the Russell 2000 Index based on the opening prices of the component stocks on the third Friday of the contract month. Please see ICE Futures U.S. Rules 19.04 and 19.11 for additional details.
Source: ICE

Last updated May 2013

Additional Info

Recent Posts on Russell 2000

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• Market Spotlight: E-mini S&P (10/26/2012) - A stock index simply represents a basket of underlying stocks. Indices can be either price-weighted or capitalization-weighted. In a price-weighted index, such as the Dow Jones Industrials Average, the individual stock prices are simply added up and then divided by a divisor, meaning that stocks with higher prices have a higher weighting in the index value.
• 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.