The Nasdaq refers to the national association of securities dealer automated quotations. It is a stock market index that includes all the stocks listed on the Nasdaq stock exchange, it also houses some of the most dominant stocks such as S&P 500 and Dow Jones Industrial Average.
The other index is the Nasdaq 100, which is different. The Nasdaq 100 only includes the stocks of the 100 largest non-financial companies listed, some of the companies include Amazon.com (AMZN) and Apple Inc. (AAPL), additionally, the 100 are known to hold more than 90% of the weight of the Nasdaq Composite Index.
For investors and traders that are looking for alternatives, instead of purchasing an index fund, CME offers various E-mini-Nasdaq contracts in the form of futures, options, and week options. These contracts are also accessible through Orient Futures Singapore, which provides international access to products for traders round the clock 24/5.
To clarify, this article will lay out the contract specifications of the e-mini-NASDAQ futures and Micro E-Mini Nasdaq 100 Futures, as well as market news about the product.
U.S Stocks Rise While Forecasts Remain Uncertain
From Investing.com, it was reported that on Tuesday, 22 Nov, at 10:59 ET (15:29 GMT), the Dow Jones Industrial Average rose 271 points or 0.8%, while the S&P rose 0.7% and the NASDAQ Composite rose 0.3%.
On Thursday, Barron’s also reports that the Dow Jones Industrial Average rose 70 points or 0.2% after the index closed 95 points higher on Wednesday, 23 Nov, at 34, 194. S&P 500 futures ticked up 0.3% with futures for the tech stock-heavy Nasdaq climbing 0.4%.
Overall, US stocks and futures rose during the week.
Simultaneously, investors continue to place their focus on the macro backdrop and future of central bank policies. FED’s four consecutive 75 basis rate hikes have proven to be central to economic objectives while affecting the financial market. At November’s board meeting, the Federal Open Market Committee (FOMC) pointed towards the smaller rate hikes coming.
In response to the news and rise in stocks over the week, analysts from Goldman Sachs forecast that investors may have to cope with a lingering bear market. The company also categorizes the current situation as a downturn of cyclical variety, which typically lasts 26 months and takes 50 months for stocks to recover.
Regardless, the fundamentals and outlook of the economy remain uncertain as investors may choose to dial back on the number of rate hikes they’re expecting while others may find the moment opportune for investments and long-term strategies.
E-Mini NASDAQ Futures
The E-mini Nasdaq Futures have the following specifications:
E-mini Nasdaq Futures has a contract unit of $20 x Nasdaq- 100 Index with a minimum price fluctuation of 0.25 index point/$5.00 outright.
Contract months are quarterly on March, June, September, and December and is listed for 5 consecutive quarters and 4 additional December contract months.
Trading Hours for CME Globex are from Sunday to Friday, at these trading hours:
6:00 pm – 5:00 p.m. ET (5:00p.m – 4:00 p.m. CT)
With a daily maintenance period from 5:00 pm – 6:00 pm ET (4:00 pm – 5:00 pm CT)
E mini NASDAQ Futures product code:
CMEX Globex: NQ
CME Clearport: NQ
Clearing: NQ
BTIC: “NQQ”, “NQT”
Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
BTIC trading terminates at 4:00 pm ET on the Thursday before the 3rd Friday of the contract month.
TACO trading terminates at 9:30 am ET on the Thursday before the 3rd Friday of the contract month.
Micro E-Mini Nasdaq 100 Futures
The Micro E-mini Nasdaq Futures have the following specifications:
The Micro E-mini Nasdaq Futures has a contract unit of $2 x Nasdaq- 100 Index with a minimum price fluctuation of 0.25 index point/$0.50 outright.
Contract months are quarterly on March, June, September, and December and is listed for 5 consecutive quarters.
Trading Hours for CME Globex are from Sunday to Friday, at these trading hours:
6:00 pm – 5:00 p.m. ET (5:00p.m – 4:00 p.m. CT)
With a daily maintenance period from 5:00pm – 6:00pm ET (4:00pm – 5:00pm CT)
E mini NASDAQ Futures product code:
CMEX Globex: NQ
CME Clearport: NQ
Clearing: NQ
BTIC: “NQQ”, “NQT”
Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.
E-mini–Nasdaq Futures and Micro E-mini–Nasdaq Futures
E-mini Nasdaq Futures can be an effective way to gain speculative exposure to the index, however, it is also beneficial to note that these index futures contracts are priced higher or lower because they represent expected future prices rather than current prices.
The NASDAQ 100 E mini Futures price chart can be found on Trading View from this link, while the E-Mini NASDAQ-100 Futures can be found here.
Start Trading With Orient Futures Singapore
Being an Overseas Intermediary of Shanghai International Energy Exchange (INE), Dalian Commodity Exchange (DCE), and Zhengzhou Commodity Exchange (ZCE), when foreign clients participate in internationalized futures contracts in these Chinese markets with us, they have direct access to trading, clearing, and settlement. Our parent company, Shanghai Orient Futures, is the largest broker in terms of aggregated volume across the five regulated exchanges in China.
Orient Futures Singapore also currently holds memberships at the Singapore Exchange (SGX), Asia Pacific Exchange (APEX), and Intercontinental Exchange Singapore (ICE SG).
We provide premium customer service at an affordable cost to all our clients. Our team will be there for you 24 hours on trading days to provide a one-stop portal for all your trades, with simple processes and an intuitive user interface that has low or near-to-zero latency.
