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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