WHAT are Micro E-mini dow futures?
Micro E-mini Dow futures (product symbol MYM) are based on the Dow Jones Industrial Average. This index tracks 30 of the largest blue-chip companies in leading sectors of the U.S. economy and serves as an indicator of the health of the U.S. stock market. This smaller-sized electronic futures gives traders an opportunity to gain exposure on all 30 listed companies by trading a single contract.
With a contract valued at $0.50x's the DJIA Index price, Micro E-mini Dow futures give more traders the opportunity to discover the benefits of futures, by lowering the amount of money required to enter the market.
WHY would you want to Micro trade E-MINI dow futures?
- Offers traders capital efficiencies vs. ETF products.
- Ability to short the index without stock loans or variable fees.
- The global markets don’t sleep. This contract allows traders stock exposure and growth opportunities in a price weighted index that offers almost 24-hour trading, six days a week.
HOW DO you trade Micro e-mini dow futures?
Micro E-mini Dow futures are “futures contracts” on an equity index benchmark. They are cash-settled contracts, and these have quarterly expiration dates scheduled for the months of March, June, September, and December.
With a single transaction, investors can use equity index futures products to manage risk or seek profits based on whether they think the index performance will rise or fall.
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