Russell 2000® Index Mini Futures86


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 t he 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 market cap and current index membership. Russell 2000 Index mini futures are available for trading on the ICE electronic trading platform for 22 hours a day.

Market Specifications

Contract Size
$100 times the Index
Contract Months
Four months in the March/June/September/December quarterly expiration cycle
Price Quotation
Index points, to two decimal places
Tick Size
.10 Index points, equal to $10.00 per contract (Spread and block trades can be done at .05 Index points.)
Daily Settlement
Daily Settlement Prices are based on prices in the closing session (16:14 to 16:15 ET, except that on the last business day of each calendar month it is 15:59 to 16:00 ET).
Last Trading Day
Third Friday of the expiration month. Trading in the expiring contract ceases at 9:30 a.m. ET on the Last Trading Day.
Final Settlement
Cash settlement to a special opening calculation of the Russell 2000 Index based on the opening prices of the component stocks on the third Friday of the contract month. Please see Exchange Rules 19.04 and 19.26 for additional information.
Trading Halt
When a  trading halt occurs on the New York Stock Exchange pursuant to NYSE Rule 80B, trading in Russell futures contracts is halted. Please see Exchange Rule 19.06 for more information.
Interval Price Limits (IPL)
ICE imposes an Interval Price Limit (IPL) for its futures contracts. Prices are not allowed to move more than a pre-determined amount (Interval Price Limit) away from the current market price within a pre-determined period (the Recalculation Time). For more information about the IPL and the IPL and Recalculation Time for Russell index futures, please see this Exchange Notice.
Block Trades
Block trade minimum quantity of 20 contracts. Please see the IFUS Block Trade FAQ for more information.
EFPs and EFSs
Eligible for EFP and EFS transactions.
Trade at Index Close (TIC)
Russell futures contracts are eligible for Trade at Index Close (TIC). Please see the Exchange TIC FAQ.
Trade at Settlement (TAS)
Russell futures contracts are eligible for Trade at Settlement (TAS) trading. Please see the Exchange TAS FAQ.
Position Limits
Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
Clearing Venue

Trading Hours

New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:30 PM
London1:00 AM - 11:00 PM
01:00 - 23:00
12:30 AM
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:30 AM

*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.


Clearing Admin Name
Russell Indices
R&N A.C.N.