The minimum tick is one-quarter of an index point, or $12.50 per contract. Mini Dow futures represent a portion of the standard Dow Jones Industrial Average (DJIA) futures. The DJIA is the world’s most widely followed stock index and the leading U.S. stock market benchmark. The high trading volumes and the leverage available have made Mini Dow futures and Micro E-mini Dow futures popular ways to trade the overall U.S. stock market. TD Ameritrade offers access to a broad array of futures trading tools and resources. Access more than 70 futures products nearly 24 hours a day, six days a week through Charles Schwab Futures and Forex LLC.

• Past performance of a security or strategy does not guarantee future results or success.
• Tick sizes are defined by the exchange and vary depending on the size of the financial instrument and requirements of the marketplace.
• Further information on each exchange’s rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
• Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options. Prior to a name change in September 2021, Charles Schwab Futures and Forex LLC was known as TD  Ameritrade Futures & Forex LLC. For E-mini S&P 500 futures, the contract size is $50 times the index value. So, for example, if the S&P 500 Index is at 2900, the contract value is $145,000.

E-mini Dow ($ Futures and Options

Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure for Futures and Options prior to trading futures products. Futures and futures options trading services provided by Charles Schwab Futures and Forex LLC.

Capitalize on actively traded markets with consistently tight bid/ask spreads and dedicated market makers providing two-sided markets. When it comes to well-known benchmarks of the US Economy, the Dow Jones Industrial Average, otherwise referred to as “the Dow,” comes to mind. As the world’s most closely followed stock index, the Dow Jones Industrial Average is comprised of the 30 biggest and most dominant companies in the US. The Futures Contract Specifications page provides a complete look at contract specs, as provided by the exchanges. Specifications are grouped by market category (Currencies, Energies, Financials, Grains, Indices, Meats, Metals and Softs). All symbols and information are based on research and is not guaranteed to be accurate.

Ready to take the plunge into futures trading?

Gain exposure to 30 of the largest companies in the U.S. while trading a single contract with our E-mini Dow ($5) products. Representing a portion of the standard Dow Jones Industrial Average futures, these E-mini products allow you to short the index without stock loans or variable fees. Enjoy added flexibility and efficiency with the ability to execute a basis trade relative to the official close. YM Futures offer investors both long and short opportunities to trade the DJIA in a more cost-effective way than Dow-based ETFs. Equity index futures such as the YM empower traders to access the strength of a total stock index without having positions in each individual stock, making them advantageous instruments to trade.

Get our latest economic research delivered to your email inbox.

Other micro contracts include E-mini Nasdaq-100 futures, E-mini Dow futures, and E-mini Russell 2000 futures. If you’re trading stock index futures, it can be confusing to track all the different contract and tick sizes. That’s why it might help to keep a table handy with the contract specifications (like the one above). All futures contracts have a minimum price fluctuation also known as a tick.

No Recent Tickers

Futures contracts have a minimum price fluctuation, also known as a “tick”. Tick sizes are among the “contract specifications” set by futures exchanges, such as the Chicago-based CME Group, and are calibrated to encourage efficient, liquid markets through “tight” bid/ask spreads. They vary depending on the type of contract, size of financial instrument, and requirements of the marketplace. Tick sizes and values are also different for CME Group’s Micro E-mini equity index futures (/MES), which the exchange launched in May 2019 and are one-tenth the size of CME Group’s e-mini equity index futures contracts. For beginner futures traders who just want to “test the waters,” micros mean risking less money by trading a slice of the equity index e-mini products.

Instead of trading the equity products offered by each company, traders can gain exposure to all of them with one contract of the YM. It is important to understand the benefits and risks involved with Mini Dow futures before placing a futures trade. Compared to traditional investments, with Mini Dow futures you can trade nearly 24 hours a day during the trading week and take Forex tp advantage of trading opportunities regardless of market direction. Mini Dow futures also provide the ability to trade with greater leverage and allow a more efficient use of trading capital. However, trading leveraged products like Mini Dow futures also involves the risk that losses can exceed the amount originally invested and may not be suitable for all investors.

Past performance is not necessarily indicative of future results. All Software provided or purchased is strictly for educational purposes only.Any presentation (live or recorded) is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented are NOT TRADED IN A LIVE ACCOUNT and should be considered hypothetical. Testimonials may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success. Like a scorecard at a baseball game, tick sizes are a fundamental scorekeeping mechanism for trading the markets.

• Representing a portion of the standard Dow Jones Industrial Average futures, these E-mini products allow you to short the index without stock loans or variable fees.
• CME E-mini Dow $5 Futures and Options, ticker symbol YM, represent one of the most efficient and cost-effective ways to gain market exposure to the Dow Jones Industrial Average.
• Equity index futures such as the YM empower traders to access the strength of a total stock index without having positions in each individual stock, making them advantageous instruments to trade.
• Like a scorecard at a baseball game, tick sizes are a fundamental scorekeeping mechanism for trading the markets.
• Neither Schwab nor the products and services it offers may be registered in your jurisdiction.
• Other CME Group e-mini futures include contracts based on the Nasdaq-100 Index (NDX), Dow Jones Industrial Average ($DJI), and the Russell 2000 Index (RUT).

E-mini Dow futures allow you to hedge your macro exposure or capitalize on anticipated movement in the DJIA Index, especially around major market-moving events. Some data releases with special importance to the E-mini Dow market include indicators of U.S. https://investmentsanalysis.info/ economic health and inflation, as well as quarterly earnings reports of Dow-listed companies. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.

Imperial Oil Ltd. stock outperforms market despite losses on the day

The E-mini Dow (YM) is a financial futures instrument which enables traders to speculate on the future value of the Dow Jones Industrial Average. At Schwab, you also get access to advanced trading platforms and education, where you can take advantage of market research, real-time Mini Dow futures quotes, and other specialized tools. Tick sizes are defined by the exchange and vary depending on the size of the financial instrument and requirements of the marketplace. Tick sizes are set to provide optimal liquidity and tight bid-ask spreads. The tick size of the NYMEX WTI Crude Oil contract is equal to 1 cent and the WTI contract size is 1,000 barrels. If you’re new to futures, the courses below can help you quickly understand the E-mini Dow market and start trading.

Tickers, Exchange and other information is subject to change. Connect with a member of our expert Equity team for more information about our products. Manage exposure to 30 U.S. blue-chip companies represented in the stock index with a single transaction. Past performance of a security or strategy does not guarantee future results or success. Content intended for educational/informational purposes only.

Oil prices rise to highest since November as Saudis, Russians extend output cuts through December

But for stock index futures based on the S&P 500 Index (SPX) and other benchmarks, it’s a different sort of game. The YM offers traders exposure to the 30 US-based blue-chip companies which compose the DJIA Index. This includes well-established companies such as IBM, Caterpillar, Visa, McDonald’s, Boeing and Chevron.

Tick sizes are set by the exchange and vary by contract instrument. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.

Its sources – reports from governments, private industries, and trade and industrial associations – are authoritative, and its historical scope for commodities information is second to none. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Neither Schwab nor the products and services it offers may be registered in your jurisdiction. Neither Schwab nor the products and services it offers may be registered in any other jurisdiction. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.