Recently, the market has been volatile. Futures for $E-mini Nasdaq 100 - main 2503(NQmain)$ , $Gold - main 2504(GCmain)$ , $China A50 Index - main 2503(CNmain)$ , $Hang Seng Index - main 2503(HSImain)$ , $WTI Crude Oil - main 2504(CLmain)$ , $E-mini S&P 500 - main 2503(ESmain)$ have been observed to rise significantly and trade actively in Tiger Trade community.
In particular, the inquiry for $E-mini Nasdaq 100 - main 2503(NQmain)$ has reached a new high.
At the same time, the inquiry and trading volume for $Micro E-Mini Nasdaq 100 - main 2503(MNQmain)$ and $Micro E-mini S&P 500 - main 2503(MESmain)$have also increased.
There are certain connections and differences between these two mini-index futures and their corresponding larger index futures (NQ and ES). Here is a detailed comparison:
Connections
Based on the same underlying index: $Micro E-Mini Nasdaq 100 - main 2503(MNQmain)$ and $E-mini Nasdaq 100 - main 2503(NQmain)$ futures are both based on the $NASDAQ 100(NDX)$ ， $Micro E-mini S&P 500 - main 2503(MESmain)$ and $E-mini S&P 500 - main 2503(ESmain)$ futures are both based on the $S&P 500(.SPX)$ 。
Same trading purpose: They are all designed to help traders hedge risks, speculate, or gain exposure to market indices.
Same trading hours: $Micro E-Mini Nasdaq 100 - main 2503(MNQmain)$ , $Micro E-mini S&P 500 - main 2503(MESmain)$ , $E-mini Nasdaq 100 - main 2503(NQmain)$ and $E-mini S&P 500 - main 2503(ESmain)$ futures are all traded on the CME Globex platform, with trading hours covering almost the entire day.
Differences
Item | MNQ (Micro E-mini Nasdaq-100) | MES (Micro E-mini S&P 500) | NQ (E-mini Nasdaq-100) | ES (E-mini S&P 500) |
|---|---|---|---|---|
Contract Size | Contract size is twice the Nasdaq 100 index | Contract size is five times the S&P 500 index | Contract size is twenty times the Nasdaq 100 index | Contract size is fifty times the S&P 500 index |
Minimum Price Fluctuation Unit and Value | 0.25 point, each fluctuation value of $0.50 | 0.25 point, each fluctuation value of $1.25 | 0.25 point, each fluctuation value of $5.00 | 0.25 point, each fluctuation value of $12.50 |
Trading Cost | Relatively low trading cost, suitable for small capital traders | Relatively low trading cost, suitable for small capital traders | Relatively high trading cost, but suitable for large capital traders | Relatively high trading cost, but suitable for large capital traders |
Volatility | Due to smaller contract size, price fluctuation is relatively large | Due to smaller contract size, price fluctuation is relatively large | Price fluctuation is relatively small, but each point value is high | Price fluctuation is relatively small, but each point value is high |
Trading Volume | MNQ's trading volume is usually lower than NQ | MES's trading volume is usually lower than ES | Larger trading volume, better liquidity | Larger trading volume, better liquidity |
Investment Education Notes:
Choose contracts based on capital size: If your funds are limited, $Micro E-Mini Nasdaq 100 - main 2503(MNQmain)$ and $Micro E-mini S&P 500 - main 2503(MESmain)$ are good choices because they have smaller contract sizes and lower trading costs. If you have a larger capital size, $E-mini Nasdaq 100 - main 2503(NQmain)$ and $E-mini S&P 500 - main 2503(ESmain)$ may be more suitable because they have larger contract sizes and higher value per point.
Pay attention to price volatility and risk: Due to their smaller contract sizes, $Micro E-Mini Nasdaq 100 - main 2503(MNQmain)$ and $Micro E-mini S&P 500 - main 2503(MESmain)$ may experience greater price volatility, thus requiring stricter risk control. Although $E-mini Nasdaq 100 - main 2503(NQmain)$ and $E-mini S&P 500 - main 2503(ESmain)$ have relatively smaller price fluctuations, their higher value per point can lead to significant losses if the market experiences substantial movements.
Focus on trading costs: $Micro E-Mini Nasdaq 100 - main 2503(MNQmain)$ and $Micro E-mini S&P 500 - main 2503(MESmain)$ have relatively lower trading costs, but if you trade frequently, the costs can accumulate. $E-mini Nasdaq 100 - main 2503(NQmain)$ and $E-mini S&P 500 - main 2503(ESmain)$ have higher trading costs, which need to be fully considered in your trading decisions.
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