What Are Micro E-mini Dow Futures? MYM Explained
Learn what MYM Micro E-mini Dow futures are: $0.50-times-index contracts on 30 blue chips, their $0.50 outright tick, and cash settlement.
Direct answer
Micro E-mini Dow futures, commonly identified as MYM, are CBOT contracts worth $0.50 times the Dow Jones Industrial Average of 30 blue-chip stocks. On CME Globex, an ordinary outright minimum movement of 1.00 index point equals $0.50 per contract, one-tenth the E-mini YM step. Standard MYM futures are cash settled with no trading after the primary-market open on final settlement day.
MYM names a dated tenth-size Dow agreement, not the cash average itself
MYM is the product root for CBOT Micro E-mini Dow futures. A complete agreement also has a contract month and year, so a value displayed beside MYM is not automatically the current Dow average or an ETF price. It is a labelled observation of a futures contract at one-tenth YM scale, and the label determines which rules and settlement process apply.
How to read Micro E-mini Dow futures quotes shows which fields make an observation usable. Micro E-mini Dow futures expiration and final settlement explains why the named month matters when a contract approaches its settlement open.
The $0.50 MYM multiplier turns index points into contract dollars
One MYM contract is valued at $0.50 times the average: a 45,000 average implies about $22,500 notional per contract, versus about $225,000 for YM at $5 times. The multiplier describes the standardized fraction; it is not a claim about an account balance, margin, or appropriate order size.
Micro E-mini versus E-mini futures explains the sizing relationship across the families. Futures position sizing treats that contract exposure, the number of contracts, and an account's own limits as three separate inputs.
MYM outright and spread ticks share the one-point grid
For an ordinary MYM outright trade on CME Globex, the minimum fluctuation is 1.00 index point, or $0.50 per contract. Intermonth spreads under Rule 542.A use the same 1.00-point step. The shared grid does not merge outrights and spreads into one record: product, legs, and relationship still need separate labels before any calculation.
Record the market path before comparing two displayed prices. An MYM point and a YM point differ tenfold in dollars even when their decimals match.
Cash settlement at the open ends MYM with no delivery alternative
MYM futures settle in cash with no trading after the open of the primary listing exchange on final settlement day, or at the NYSE close the prior business day after an unscheduled holiday. No basket of 30 stocks changes hands. Trading halts in the primary YM month can also halt MYM, linking the small contract to its benchmark's volatility controls.
Cash-settled versus physically delivered futures draws the general settlement-design line, and MYM sits on the cash-settled side. What are E-mini Dow futures covers the full-size contract for direct comparison.
A workable MYM record separates quotation facts from account facts
Before relying on an MYM number, preserve the root, month-year, index-point convention, trade or quote type, price field, source, timestamp, session, and data status. Futures contract month codes helps turn a compact MYM symbol into the agreement whose settlement calendar applies.
Margin is collateral, not a substitute for the $0.50-times-average exposure or a recommendation to open a position. Futures margin versus leverage explains that distinction without inferring an account-specific requirement.
This guide explains standard Micro E-mini Dow futures mechanics. It does not provide a live average price, a blue-chip forecast, margin requirement, trade recommendation, or broker settlement instruction. Current CBOT rules, data terms, clearing procedures, and account documents govern a particular contract.
Common questions
What does MYM mean in futures?
MYM is the CBOT product root for Micro E-mini Dow Jones Industrial Average futures. Add a contract month and year to identify the particular standardized agreement.
How is one MYM contract valued?
At $0.50 times the average: a 45,000 average implies about $22,500 notional, one-tenth the YM contract. The multiplier and quotation convention are both needed to interpret a price.
What is the ordinary MYM tick value?
The ordinary CME Globex outright minimum movement is 1.00 index point, equal to $0.50 per standard MYM contract. Spreads use the same step.
How does MYM differ from E-mini Dow futures?
YM is $5 times the average with a $5.00 tick, ten times the MYM size. Both settle in cash at the open; only the exposure and tick dollars differ.
Are Micro E-mini Dow futures cash settled?
Yes. Standard MYM futures settle in cash with no trading after the primary-market open on final settlement day. No stocks change hands through delivery procedures.