Russell 2000® Index Mini Options71

Description

The Russell 2000® Index is the recognized benchmark measuring the performance of the small-cap segment of the U.S. equity universe. The Russell 2000® Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes 2000 of the smallest securities based on a combination of their market cap and current index membership. Mini Russell 2000® Index futures are available for trading on the ICE electronic trading platform for 22 hours a day.

Market Specifications

Trading Screen Product Name
Russell 2000 Index Mini
Trading Screen Hub Name
NYCC
Symbol
TF
Units of Trading
One Mini Futures Contract = $50 X Index
Strike Price Increments
Integers evenly divisible by five (e.g., 1200.00, 1205.00)
Contract Listing
Quarterly Cycle Options: March / June / September / December
Serial Options: January / February / April / May / July / August / October / November

For a serial option, the futures contract underlying the option is the next quarterly futures contract
Minimum Price Movement
Price of premiums is quoted in points, where .01 equals $ .50. A premium of 1.00 equals $50. Minimum price fluctuation (tick size) in premiums is .05 (equivalent to $2.50 per contract)
Option Style
American style
Block Trades
Minimum quantity of 100 contracts
Last Trading Day
Third Friday of the expiration month. Quarterly cycle months cease trading at 09:30Eastern time, serial months at 16:15.
Final Settlement
Cash settlement to a special calculation of the Russell 2000 Index based on the opening prices of the component stocks on the third Friday of the contract month. For details and exceptions, please visit ICE Futures U.S.
Position Limits
Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venues
ICUS
Loading...

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:30 PM
19:30
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:30 AM
00:30
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:30 AM
08:30

*Next Day

Trading begins on Sunday evening in the U.S. at 6:00 PM ET; the Sunday pre-open is 5:30 PM ET.

Codes

Clearing Admin Name
Russell Indices
Physical
TF
Logical
TF
GMI(FC)
TF
R&N A.C.N.
OQ31