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Micro e-mini Futures Contract

Source: Shuttershock

Following the success of the E-mini contracts introduced in 1997, CME launched Micro E-mini contracts this May. The Micro E-mini contracts, which can be traded at only one-tenth the value of the classic e-mini contract, increase the accessibility to trading futures trading for even more traders. Offering Micro E-mini futures on the 4 major stock indices – S&P 500, Russell 2000, Nasdaq-100, and Dow Jones Industrial Average – 11.25million contracts were traded globally within the first month of launch, crowning it CME’s most successful product launch till date.

Micro E-mini futures are a tenth the size of CME Group’s existing and highly traded E-mini equity index futures. That means, where an E-mini S&P 500 futures contract has a multiplier of US$50, its Micro E-mini contract would have a multiplier of US$5, as shown in the table below.

Source: CME Group

Through Micro E-mini contracts, individual traders can enjoy the same benefits of trading in the highly liquid and actively traded indices (S&P 500, Russell 2000, Nasdaq-100, and Dow Jones Industrial Average) at lower margins, thus giving them new market access. This is especially so for those who are looking to diversify their portfolio and branch into different markets of which they do not have experience trading in or are not familiar with. The risks involved and potential damage incurred can be largely reduced, putting a rookie trader’s mind at ease.

Index Family Price Notional Value (USD) Initial Margin (USD)
Micro E-mini S&P 500 2889.25 14,446.25 693.00
Micro E-mini Nasdaq-100 7515.50 15,031.00 836.00
Micro E-mini Dow Jones 26086 13,043.00 605.00
Micro E-mini Russell 200 1522.60 7,613.00 390.50

The Micro E-mini contracts are fungible, which means that traders can use them in tandem with full-sized E-mini contracts, allowing more flexibility and precision in managing trade positions as the markets move. Not only does this allow traders to fine tune their index exposure in smaller fractions but at the same time add granularity in risk management, allowing more accurate measures to be taken in minimising risk. Using leverage to get more out of one’s money, traders can control a large contract value with a small amount of capital and no expense ratios for maximum capital efficiency.

With the advantages that Micro E-mini futures bring – liquidity, precision and versatility – what better time than now to start venturing into using leverage to get more out of your money? Discover the benefits of futures, for a fraction of the upfront financial commitment. The rising trade volume of the Micro E-mini contracts globally proves its worth and you definitely would not want to miss out. Click here for more information.