NQ
Definition · Level 7 · Futures, rates & macro
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CME E-mini Nasdaq-100 future: $20 × index, tick 0.25 = $5.00, quarterly and cash-settled. The micro version (MNQ) is $2 × index.
Example
Up 150 points = $3,000 per contract.
Rules and market figures change: check the current ones before relying on this.
Where Tradecraft teaches it
Level 7 · Futures, rates & macro, in the lesson “Futures: the contract”: Standardized contracts, month codes, notional and tick value: the specs every desk knows by heart.
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