Tick Size In Nasdaq 100 Futures To Increase Beginning June 18

The tick size for Nasdaq 100 Index futures traded on the Chicago Mercantile Exchange (CME) will be increased to 0.50 index points from its current level of 0.05 index points beginning with the after-hours GLOBEX®2 electronic trading session on Sunday, June 18, the CME announced. The change will make the Nasdaq 100 tick size the same as that of the E-mini Nasdaq 100.

The increased tick size, intended to more closely reflect the prevailing volatility and bid/offer spreads, represents an underlying price movement of $50 instead of the current $5. The calendar spread will continue to trade in the current 0.05 index points ($5) in order to facilitate precise rollover transactions from an expiring contract into a deferred contract.

Nasdaq 100 Index options also will remain unchanged at 0.05 or $5 per tick. Nasdaq 100 futures trade on the CME from 8:30 a.m. to 3:15 p.m. (Chicago time) and overnight on GLOBEX2 from 3:45 p.m. (5:30 p.m. on Sundays) to 8:15 a.m. the following day. E-mini Nasdaq 100 futures trade exclusively on GLOBEX2 from 3:45 p.m. to 3:15 p.m.