---
title: Micro E-mini Nasdaq-100 Futures (MNQ) Contract Specifications
description: MNQ product specs
---

[Skip to content](https://help.metrotrade.com/kb/micro-e-mini-nasdaq-100-futures-mnq-contract-specifications#main-content)

English

Show submenu for translations

[![MetroTrade](https://help.metrotrade.com/hs-fs/hubfs/logo3-1.png?width=225&height=39&name=logo3-1.png)](https://metrotrade.com/)

Open main navigation

Close main navigation

- English
  
  Show submenu for translations
- [MetroTrade.com](https://www.metrotrade.com/)

[MetroTrade.com](https://www.metrotrade.com/)

 How can we help you?

- There are no suggestions because the search field is empty.

1. [KnowledgeBase](https://help.metrotrade.com/kb?hsLang=en)
2. [Products & Specs](https://help.metrotrade.com/kb/products-specs?hsLang=en)
3. [Contract Specs](https://help.metrotrade.com/kb/products-specs?hsLang=en#contract-specs)

# Micro E-mini Nasdaq-100 Futures (MNQ) Contract Specifications

#### What you're trading

The Micro E-mini Nasdaq-100 future (MNQ) is 1/10th the size of NQ and tracks the same Nasdaq-100 Index. Because NQ has the largest notional value of the four main E-mini equity index contracts, MNQ is particularly popular — it gives tech-focused exposure (Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta) at an accessible contract size for retail accounts and for scaling in and out around earnings and macro events.

#### Contract size

$2 × Nasdaq-100 Index. With the index near 25,000, one MNQ contract carries a notional value of roughly $50,000.

#### Tick value

Minimum price fluctuation is 0.25 index points, and each tick is worth $0.50 per contract. A full 1-point move equals $2, and a 10-point move equals $20 per contract.

#### Trading hours

CME Globex: Sunday 5:00 p.m. CT through Friday 4:00 p.m. CT, with the 4:00–5:00 p.m. CT maintenance halt Monday through Thursday.

#### Settlement type

Cash-settled. Contracts expire quarterly on the third Friday of March, June, September, and December, settling to the same Special Opening Quotation as NQ.

#### Margin snapshot

MNQ margin is roughly 1/10th of NQ. Because Nasdaq-100 can have large index-point swings, always keep a buffer above maintenance.

| **Initial margin (overnight)** | ~$2,200–$2,600 per contract (approximate; varies with volatility) |
| --- | --- |
| **Maintenance margin** | ~$2,000–$2,350 per contract |
| **Day-trade margin** | Broker-set; often a small fraction of overnight margin |
| **Notional value (reference)** | ~$50,000 at index 25,000 |

*Margins change with market volatility and vary by broker. The figures above are approximate and for reference only — always confirm current requirements with MetroTrade support or on the CME margin page before trading.*

#### Related learning

- CME official contract specifications: [Micro E-mini Nasdaq-100 Futures Contract Specs](https://www.cmegroup.com/markets/equities/nasdaq/micro-e-mini-nasdaq-100.contractSpecs.html)
- [E-mini Nasdaq-100 (NQ) — 10× the size of MNQ](https://www.cmegroup.com/markets/equities/nasdaq/e-mini-nasdaq-100.contractSpecs.html)
- [CME initial margin requirements (all products)](https://www.cmegroup.com/clearing/margins/)
- [https://www.metrotrade.com/margins/](https://www.metrotrade.com/margins/)

- [Account Information](https://help.metrotrade.com/kb/account-information?hsLang=en#main-content)

    - [Account Eligibility](https://help.metrotrade.com/kb/account-information?hsLang=en#account-eligibility)
    - [Account Management / Profile](https://help.metrotrade.com/kb/account-information?hsLang=en#account-management-profile)
    - [Account Statements & Reporting](https://help.metrotrade.com/kb/account-information?hsLang=en#account-statements-reporting)
- [Funding & Withdrawals](https://help.metrotrade.com/kb/funding-withdrawals?hsLang=en)
- [Pricing & Fees](https://help.metrotrade.com/kb/pricing-fees?hsLang=en)
- [MetroTrader Platform](https://help.metrotrade.com/kb/metrotrader-platform?hsLang=en#main-content)

    - [MetroTrader Web](https://help.metrotrade.com/kb/metrotrader-platform?hsLang=en#metrotrader-web)
    - [MetroTrader App](https://help.metrotrade.com/kb/metrotrader-platform?hsLang=en#metrotrader-app)
    - [Troubleshooting](https://help.metrotrade.com/kb/metrotrader-platform?hsLang=en#troubleshooting)
- [Margins & Trading Info](https://help.metrotrade.com/kb/margins-trading-info?hsLang=en#main-content)

    - [Margin & Risk](https://help.metrotrade.com/kb/margins-trading-info?hsLang=en#margin-risk)
    - [Trading Hours & Market Schedule](https://help.metrotrade.com/kb/margins-trading-info?hsLang=en#trading-hours-market-schedule)
- [About MetroTrade](https://help.metrotrade.com/kb/about-metrotrade?hsLang=en)
- [Products & Specs](https://help.metrotrade.com/kb/products-specs?hsLang=en#main-content)

    - [Product Information](https://help.metrotrade.com/kb/products-specs?hsLang=en#product-information)
    - [Contract Specs](https://help.metrotrade.com/kb/products-specs?hsLang=en#contract-specs)

[![MetroTrade](https://help.metrotrade.com/hs-fs/hubfs/mt-fb-profile.png?width=50&height=50&name=mt-fb-profile.png "MetroTrade")](https://metrotrade.com)

Chicago, IL USA

<https://www.facebook.com/metrotradefutures> <https://x.com/metrotradefut> <https://www.instagram.com/metrotradefutures/> [mailto:support@metrotrade.com](mailto:support@metrotrade.com)

Copyright © 2026, MetroTrade