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E-mini Russell 2000

Product Overview

E-mini Russell 2000 options provide a way to:

  • Limit downside risk while efficiently expressing views on an index of small-cap equity stocks
  • Trade options on a smaller-sized Russell 2000 futures contract compared to the standard product
  • Use a financial tool that accommodates a range of strategies, different market environments and varied objectives

Things to know:

  • Russell Index contracts will be not be listed at CME Group after the Sep 2008 expiration
  • Contracts trade solely electronically on the CME Globex platform, virtually around the clock, around the world, with complete price transparency and anonymity
  • CME Clearing matches and settles all trades and guarantees counterparty creditworthiness

The Russell 2000 Index is designed to be a comprehensive representation of the U.S. small-capitalization equity market. Sectors tracked by the Russell 2000 Index include financial services, health care, technology, consumer discretionary and material processing.

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General News & Announcements for Equity
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Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Block trades for E-mini Russell 2000

CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.


CME Product Market Data
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Contract Specification View
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Trade Unit One E-mini Russell 2000 Index Futures Contract
Settle Method Cash Settled
Point Size 1 index point = $100.00
Strike Price Interval
Strike All listed intervals
Limits/Price Banding 100 Index point range at 5 Index point intervals; 2.5 Index point interval for the first 50 Index points.
Tick Size (Minimum Fluctuation)
Regular0.1=$10.00
Cab0.05=$5.00
Special "Half Tick"0.05=5.00 for premium < or = 3.00
Trading Hours Mon/Thur 3:30 p.m.-3:15 p.m; Shutdown period from 4:30 p.m.-5:00 p.m. nightly; Sun & Hol 5:00 p.m.-3:15 p.m. LTD: 8:30 am for quarterlies; 3:15 p.m. for serials
Listed
Product Codes Clearing=ER Ticker=ER
Minimum Block Size
Product Calendar Four months in the March Quarterly Cycle, plus first two serial cycle months. Mar, Apr, May, Jun.
View current product listings
General News & Announcements for Equity
RSS

Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Block trades for E-mini Russell 2000

CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.


Contracts Currently Eligible to Trade and Recently Expired Contracts
Contract Month Product Code First Trade Date Last Trade Date Settlement Date
SEP08 ERU08 09/24/2007 Add to Outlook 09/19/2008 09/19/2008
General News & Announcements for Equity
RSS

Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style
• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Block trades for E-mini Russell 2000

CME Group is offering an expanded block trade program for E-mini Russell 2000 products. This program is designed to help facilitate an orderly transition of open interest with the end of our contractual listing rights nearing (September 2008). Waivers have been added for certain block transactions.