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What are Micro E-mini Dow Futures (MYM)?

Micro Dow Emini YM MYM

Micro E-mini Dow futures empower traders to speculate the world’s most closely followed stock index in a contract 1/10th the size of standard E-mini Dow futures (YM). The benchmark Dow Jones Industrial Average is composed of the 30 biggest and most dominant companies in the US.

The Dow is calculated by adding together the share price of each of each of the 30 companies in the index. The term industrial in the name is mostly a historical reference as today most of the companies in the index are not involved in conventional heavy industry.

Launched in May of 2019 by the CME Group, Micro E-mini Dow futures (MYM) present a low-cost entry point for traders looking to participate in US equity markets. This micro-sized contract follows the full-size E-mini Dow contract and the charts are near identical.

Gaining instant popularity, Micro E-mini futures volume exceeded 11.25 million contracts in just 30 days of trading!

Why Trade Micro E-mini Dow Futures?

Micro E-mini Dow futures require less of a financial commitment than full size E-minis. Therefore, the MYM is an ideal instrument for those seeking exposure to the Dow Jones Industrial Average with less capital.

Additionally, while only being able to trade one contract of YM futures, a trader with the same account size can flexibly scale in & out of an MYM position with multiple contracts.

MYM futures offer investors both long and short opportunities to speculate the Dow. Micro equity futures allow traders to access American stock markets without a large financial burden or margin requirement. Some traders trade the MYM as a way to hedge their stock exposure, while others use this benchmark futures instrument to diversify their portfolios.

Micro E-mini Dow futures trade electronically nearly around the clock and has a worldwide following.

Micro E-mini Dow Futures Contract Specs:

  • Exchange: Chicago Mercantile Exchange (CME)
  • Class: Futures
  • Trading Symbol: MYM
  • Contract Size: $0.50 x Dow Jones Industrial Average Index
  • Pricing Unit: U.S. Dollars
  • Tick Size: 1
  • Tick Value: $0.50
  • Point Value: 1 = $0.50
  • Intraday Margin: $50
  • Contract Months: March, June, September & December
  • Trading Hours: Sunday to Friday 6:00 pm – 5:00 pm ET
  • Position Limit: 100 contracts

Learn more about Micro E-mini Futures in this 2-minute video:

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