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Russell 2000

Product Overview

Note:  Russell Index contracts will be listed at CME Group only through the SEP 2008 expiration.

Options on Russell 2000 futures provide a way to limit downside risk while efficiently expressing views on an index of small-cap equity stocks. They also enable you to:

  • Use a financial tool that accommodates a range of strategies, different market environments and varied objectives 

 

Things to know:

  • Trading takes place:
    • On the CME Group trading floor during open outcry trading hours
    • Electronically on the CME Globex platform when the trading floor is closed
  • CME Clearing matches and settles all trades and guarantees counterparty creditworthiness

 

About the Underlying Index
The Russell 2000 Index is designed to be a comprehensive representation of the U.S. small-capitalization equity market. Since its inception, the Russell 2000 Index has become the premier measure of small-capitalization stocks and is widely followed by U.S. fund managers. Sectors tracked by the Russell 2000 Index include financial services, health care, technology, consumer discretionary and material processing.

 

For more details on the Russell Index construction, visit www.russell.com

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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.


CME Product Market Data
Report Type

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Contract Specification View
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Trade Unit One Russell 2000 Stock Price Index futures contract.
Settle Method Cash Settled
Point (Tick) Size .01 index point = $5.00
Strike Price Interval
Strike All listed intervals
Limits/Price Banding Option trading halted when lead Russell 2000 futures lock limit.
Minimum Fluctuation
Regular0.05=$25.00
Cab0.025=$12.50
Trading Hours 8:30 a.m.-3:15 p.m. LTD: 3:15 pm
Listed The underlying Russell 2000 futures percentage price limits are calculated at the beginning of each calendar quarter. Trading halts are coordinated with trading halts in the primary securities markets.
Product Codes Clearing=RL Ticker=RL American Flex: Calls=XUC Puts=XUP European Flex: Calls=YUC Puts=YUP
Minimum Block Size
Product Calendar Four months in the March quarterly cycle and two months not in the March cycle (serial months)& Flex® Options. Mar, Jun, Sep.
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 RLU08 09/21/2007 Add to Outlook 09/18/2008 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.