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E-mini NASDAQ-100 Index Future NQ

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Definition of 'E-mini NASDAQ-100 Index Future NQ'

This is an index future that is based on the NASDAQ-100 Index. The 'E' in E-mini stands for Electronic and the 'Mini' signifies that it is smaller than the traditional pit-traded equivalent Future. The ticker symbol for this future is the NQ which is what it is commonly known as.

The tick size of the NQ is 0.25 points which means that the minimum price changes of this futures contract is in quarters of a point. Changes in the underlying index are in one-hundredths of a point.

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