ICE Reduces Point Value for Russell 2000 Index Mini Futures
Effective December 5th, 2016 trade date, the ICE is reducing the Russell 2000 Index Mini Futures (TF) Point Value from $100 to $50.
As a result of this change, users of NinjaTrader will need to update their TF Futures instrument ‘Point value’ property from $100 to $50. Included below are instructions to make the required changes along with a quick video tutorial reviewing the process.
If you plan to hold a position during this transition, please contact your broker for more information as open orders may be cancelled.
You can read the official ICE Futures U.S. notice here. If you have any questions regarding these updates, please contact us at [email protected].
Restart NinjaTrader prior to December 3rd to automatically received the updated 'Pointvalue' from the NinjaTrader server.
From the Control Center click Tools > Instrument Manager
Under ‘Available master instruments’ select the TF and press ‘Edit’
Under the ‘Point value’ field adjust the value to 50.00
*Additional step for Interactive Brokers users: Select the ‘Misc’ tab and under ‘Symbol Mapping’ – ‘Interactive Brokers’ update the mapping to TF|||50
Select ‘OK’ within the Instrument Editor and Instrument Manager to save the changes
Restart NinjaTrader for the changes to take effect