Mini Nasdaq (CNQ)
The NASDAQ100-future is a future contract based on the index NASDAQ100.
The contract is traded on the futures market CME.
Summary Contract Specifications
- Unit of trading : 20
- Contract size : USD 20 x the level of the NASDAQ100-index
- Delivery months : March, June, September and December
- Last trading day : third friday of the delivery month
- Quotation : In points (each full point = USD 20 per contract)
- Minimum price movement : 0,25 points (= USD 5 per contract) (tick size and value)
Trading example
- The NASDAQ100-index at 1.881.
- Value of the NASDAQ100 future: 1.881 x 20 $ = 37.620 $.
- Buy at 1.881 and sell at 1.890.
- The minimum price movement or 'tick' is 0,25 points.
- The tickvalue or 0,25 points is 5 $
- The value of 9 points = 36 ticks x 5 = 180 $
When the NASDAQ100 goes from 1.881 $ to 1.890 $ a profit of 180 $ is realized on the NASDAQ100 future.
