Futures Contract Specifications

Tick size, tick value, point value, exchange and the micro equivalent for the contracts retail traders actually trade. Click a symbol to load it in the calculator.

Symbol	Contract	Group	Exchange	Tick size	Tick value	Point value	Micro
ES	E-mini S&P 500	Equity Index	CME	0.25	$12.50	$50.00	MES
MES	Micro E-mini S&P 500	Equity Index	CME	0.25	$1.25	$5.00	n/a
NQ	E-mini Nasdaq-100	Equity Index	CME	0.25	$5.00	$20.00	MNQ
MNQ	Micro E-mini Nasdaq-100	Equity Index	CME	0.25	$0.50	$2.00	n/a
YM	E-mini Dow	Equity Index	CBOT	1	$5.00	$5.00	MYM
MYM	Micro E-mini Dow	Equity Index	CBOT	1	$0.50	$0.50	n/a
RTY	E-mini Russell 2000	Equity Index	CME	0.1	$5.00	$50.00	M2K
M2K	Micro E-mini Russell 2000	Equity Index	CME	0.1	$0.50	$5.00	n/a
CL	Crude Oil (WTI)	Energy	NYMEX	0.01	$10.00	$1,000.00	MCL
MCL	Micro Crude Oil (WTI)	Energy	NYMEX	0.01	$1.00	$100.00	n/a
NG	Natural Gas (Henry Hub)	Energy	NYMEX	0.001	$10.00	$10,000.00	MNG
GC	Gold	Metals	COMEX	0.1	$10.00	$100.00	MGC
MGC	Micro Gold	Metals	COMEX	0.1	$1.00	$10.00	n/a
SI	Silver	Metals	COMEX	0.005	$25.00	$5,000.00	SIL
SIL	Micro Silver	Metals	COMEX	0.005	$5.00	$1,000.00	n/a
ZB	30-Year T-Bond	Treasuries	CBOT	1/32	$31.25	$1,000.00	n/a
ZN	10-Year T-Note	Treasuries	CBOT	1/64 (half of 1/32)	$15.625	$1,000.00	n/a
ZF	5-Year T-Note	Treasuries	CBOT	1/128 (quarter of 1/32)	$7.8125	$1,000.00	n/a
ZT	2-Year T-Note	Treasuries	CBOT	1/256 (eighth of 1/32)	$7.8125	$2,000.00	n/a
6E	Euro FX	Currencies	CME	0.005	$6.25	$125,000.00	M6E
M6E	Micro Euro FX	Currencies	CME	0.0001	$1.25	$12,500.00	n/a
BTC	Bitcoin	Crypto	CME	5	$25.00	$5.00	MBT
MBT	Micro Bitcoin	Crypto	CME	5	$0.50	$0.10	n/a

Trading hours for all listed contracts: Sunday 6:00pm to Friday 5:00pm ET with a daily maintenance break from 5:00pm to 6:00pm ET. Specs from CME Group (CME, CBOT, NYMEX, COMEX), checked 2026-10-11. Exchanges can change specs; confirm before trading.

Reading the table

Tick size is the minimum price increment in the contract's own units: index points for ES and NQ, dollars per barrel for CL, dollars per ounce for GC, and fractions of a 32nd of a point for treasuries. Tick value is what that increment is worth in dollars for one contract. Point value is what a full 1.00 move is worth, which is the contract multiplier. Tick value = tick size × point value, always.

Why treasury ticks look odd

Treasury futures are quoted in points and 32nds of a point on a $100,000 face value ($200,000 for the 2-year). ZB moves in full 32nds ($31.25), ZN in half 32nds ($15.625), ZF in quarter 32nds ($7.8125), and ZT in eighth 32nds on the larger face ($7.8125). A quote of 110'16 means 110 and 16/32, or 110.50.

Currencies

6E is 125,000 euros. A move of 0.0001 (one pip) is $12.50; the minimum tick is half a pip, $6.25. The micro, M6E, is 12,500 euros with a 0.0001 tick worth $1.25.

Crypto

BTC is 5 bitcoin per contract with a $5 tick worth $25. MBT is 0.1 bitcoin with the same $5 tick worth $0.50. Both trade nearly 24 hours on CME with the same daily break as index futures.

Related tools

Frequently asked questions

What is the tick value of ES, NQ, YM and RTY?

ES $12.50 (0.25 pt), NQ $5.00 (0.25 pt), YM $5.00 (1 pt), RTY $5.00 (0.10 pt). The micros are one tenth: MES $1.25, MNQ $0.50, MYM $0.50, M2K $0.50.

What is the tick value of crude oil and gold futures?

CL moves in $0.01 worth $10.00; MCL is $1.00. GC moves in $0.10 worth $10.00; MGC is $1.00.

What are futures trading hours?

CME equity index, energy, metals, treasury and FX futures trade Sunday 6:00pm to Friday 5:00pm ET with a daily break from 5:00pm to 6:00pm ET.