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E-MINI RUSSELL 2000

CME® E-mini® Russell 2000® futures are the latest addition to the CME E-mini stock index complex, joining the two fastest-growing products in the Exchange's history: the CME E-mini S&P 500® and CME E-mini NASDAQ-100® futures contracts.

For this CME E-mini contract, the benchmark index on which it is based is the Russell 2000 Index, a capitalization-weighted index of approximately 2,000 actively traded, small-capitalization U.S. stocks on the New York Stock Exchange, the American Stock Exchange and The Nasdaq Stock Market.

These futures offer financial institutions, investment managers, corporations and private investors a cost-effective way to manage small-cap portfolio risk as well as gain exposure to the small-cap equity market.

The Russell 2000 Index serves three main purposes:

*                   act as a performance standard for active managers,

*                   serve as a proxy for asset allocation purposes, and

*                   become a purchasable and replicable vehicle for passive investment strategy.

Companies listed in the Russell 2000 Index account for approximately eight percent of the total market capitalization in the Russell 3000 Index. Only common stocks belonging to U.S. incorporated corporations are eligible for inclusion. At the time of the Index's yearly June 30th rebalancing, the top 3,000 U.S. securities are ranked by descending total market capitalization-the smallest 2,000 securities comprise the Russell 2000 Index.

Among the sectors that are tracked in the Russell 2000 Index are financial services, health care, technology, consumer discretionary and material processing.

The CME E-mini Russell 2000 futures contract trades two months in the March quarterly cycle and moves in .10 index points, or $1.00 per contract.

CME E-mini Russell 2000® Futures

Trade Unit

$100 times the Russell 2000? index price

 

Point Descriptions

1 point = .01 index points =$1.00

 

Contract Listing

Two months in the March Quarterly Cycle. Mar, Jun, Sep, Dec.

 

Strike Price Interval

N/A

 

Product Code

Clearing=ER
Ticker=ER2

 

Trading Venue: CME® Globex®

Hours

Mon/Thurs 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-3:15 p.m. Month end(3:15 p.m.) LTD(8:30 a.m.)^^^^^

 

Listed

N/A

 

Strike

N/A

 

Limits

5%, 10%, 15% and 20% limits. See Equity limits (See Equity limits)

 

Minimum Fluctuation

Regular

0.10=$10.00

 

 

Calendar Spread

0.05=$5.00

 

 

Listed CME E-mini Russell 2000® Futures Contracts

 

 

 

 

Months Traded

 

H, M, U, Z    Month Key Code

Eligible Months

 

2

Currently Listed

 

2

Last Day of Trading Rule

 

The business day of determination of the Final Settlement Price (normally, the 3rd Friday of the contract month).

New Contract Listing Rule

 

The day after the front month expires.

Special Notes

 

None

CME Rule Book Chapter

 

361

Settlement Type

 

Cash Settled

 

 

 

Seq.
No.

Contract
Month

Product
Code

First
Trade
Date

Last
Trade
Date

Cash
Settlement
Date

Delete
Date

1

Dec 2005

ERZ5

06/20/05

12/16/05

12/16/05

12/22/05

2

Mar 2006

ERH6

09/19/05

03/17/06

03/17/06

03/23/06

 

  

ProActive Futures 255 Executive Dr, Suite 410, Plainview, NY 11803 Phone: 1-877-393-5916 More Info

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The risk of loss in trading futures and options can be substantial. Futures and options trading may not be suitable for everyone.
Therefore, you should carefully consider the risks in light of your financial condition in deciding whether to trade.
You may sustain a total loss of the initial margin funds and additional funds that you deposit with your brokers to
establish or maintain a position in the commodity futures market.