What is the tick value for MNQ?

$0.50 per tick — a 0.25 tick size × a $2 multiplier (point value).

What is one MNQ contract worth?

One contract represents $2 × the Nasdaq-100 index. Notional value = price × $2; use the tick value calculator with the current price for an exact figure.

Which exchange lists MNQ?

Micro E-mini Nasdaq-100 (MNQ) trades on the CME.

What are the trading hours for MNQ?

Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 4:15pm–4:30pm ET.

How much margin do I need to trade MNQ?

Margin is roughly one-tenth of full-size NQ and varies by broker — micros are commonly used to keep margin usage low in volatile tech markets.

How is P&L calculated for MNQ?

P&L = (exit price − entry price) ÷ 0.25 tick size × $0.50 tick value × number of contracts. Use the tick value calculator to compute this directly.

CME

Micro E-mini Nasdaq-100 (MNQ) Tick Value & Contract Specs

Tick value $0.50 per tick — $2 × the Nasdaq-100 index.

One-tenth of NQ, tick for tick: the Micro E-mini Nasdaq-100 (MNQ) is worth $2 per index point, so its 0.25-point tick equals $0.50. A 100-point Nasdaq move — a perfectly ordinary session — is $200 per MNQ contract versus $2,000 on full-size NQ. For an index this fast, that ten-fold reduction is frequently the difference between a survivable stop-out and an outsized loss.

MNQ consistently ranks among the highest-volume micro contracts on CME, which keeps spreads tight enough for active trading. It suits three groups particularly well: traders building experience on a volatile index without full-size exposure, small accounts that need fine-grained position sizing, and NQ traders who scale in and out in tenths. Because the price ladder is identical to NQ, everything learned on the micro transfers directly to the full-size contract later. The calculator below turns any MNQ trade plan — entry, stop, target and contract count — into exact tick and dollar figures.

Exchange: CME
Contract size: $2 × the Nasdaq-100 index
Tick size: 0.25
Tick value: $0.50
Point value (multiplier): $2
Trading hours: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 4:15pm–4:30pm ET
Margin: Margin is roughly one-tenth of full-size NQ and varies by broker — micros are commonly used to keep margin usage low in volatile tech markets.

Open in the tick value calculator, pre-filled for MNQ

How MNQ tick value works

Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).

tick value = tick size × multiplier. For MNQ, that is 0.25 × $2 = $0.50 per tick, per contract.

One contract represents $2 × the Nasdaq-100 index. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.

Frequently asked questions

What is the tick value for MNQ?: $0.50 per tick — a 0.25 tick size × a $2 multiplier (point value).
What is one MNQ contract worth?: One contract represents $2 × the Nasdaq-100 index. Notional value = price × $2; use the tick value calculator with the current price for an exact figure.
Which exchange lists MNQ?: Micro E-mini Nasdaq-100 (MNQ) trades on the CME.
What are the trading hours for MNQ?: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 4:15pm–4:30pm ET.
How much margin do I need to trade MNQ?: Margin is roughly one-tenth of full-size NQ and varies by broker — micros are commonly used to keep margin usage low in volatile tech markets.
How is P&L calculated for MNQ?: P&L = (exit price − entry price) ÷ 0.25 tick size × $0.50 tick value × number of contracts. Use the tick value calculator to compute this directly.

More futures contract specs

See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.

Specs last reviewed 2026-07-07. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.