Contract DowYM$5 x Index1.00 = $5.00E-mini Russell 2000RTY$50 x

Contract unit:Contract unit is the exact amount of asset per contract. For example, the Bursa Malaysia Crude Palm Oil – Gasoil Spread Futures Contract, the contract unit for a future contract is 25 metric tons, which means each contract is for the trade of 25 metric tons.However, different contracts have different ways to measure such as the difference in futures contracts measurement between the E-mini S&P500 (ES) and E-mini NASDAQ-100 (NQ). The size of the E-mini S&P500 contract is $50 x the S&P500 futures index, meaning if the S&P500 futures index is 1,000, the value of that futures contract is $50,000 ($50 x 1,000), while the size of the E-mini NASDAQ-100 contract is $20 x NASDAQ-100 Index. See Table 1(Folger, n.d.).Futures ContractTicker SymbolTicker SymbolTick SizeE-mini S&P 500ES$50 x Index0.25 = $12.50E-mini Nasdaq 100NQ$20 x Index0.25 = $5.00E-mini DowYM$5 x Index1.00 = $5.00E-mini Russell 2000RTY$50 x Index0.10 = $5.00 Table 1. The contract specifications of the top four e-mini stock index futures contractsPrice quotation:Price quotation is the agreed price (per unit) that the contract is quoted in. Example: the Bursa Malaysia Crude Palm Oil – Gasoil Spread Futures Contract, 1.25 implies that the price is 1 dollar 25 cents per metric ton on a 25-metric-ton contract. Price quotation can be dollars, cents, or any currencies.  Trading hours:Trading hours differ from product to product and the platforms within a product. ? E-mini Russell 2000 Growth Index Futures Contract(E-mini Russell 2000 Growth Index Futures Contract Specs, n.d.): CME GlobexSunday – Friday 6:00 p.m. – 5:00 p.m. Eastern Time (ET) next day with trading halt 4:15 p.m. – 4:30 p.m.CME ClearportSunday – Friday 6:00 p.m. – 5:00 p.m. ET next day  ? The Bursa Malaysia Crude Palm Oil – Gasoil Spread Futures Contract:CME GlobexMonday – Friday, 8:30 a.m. – 1:20 p.m.Central Time (CT) next dayCME ClearPortSunday – Friday 5:00 p.m. – 4:00 p.m. CT next day with a 60-minute break each day beginning at 4:00 p.m.  Nevertheless, there are two exceptions. Products that are traded through CME ClearPort Clearing have the trading hours from “Sunday-Friday 6:00 p.m. – 5:00 p.m. New York time/ET (5:00 p.m. – 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)” (Trading Hours: Futures & Options, n.d.). The weather products which are traded through CME ClearPort Clearing, have the trading hours from “Sunday-Friday 7:00 p.m.- 6:45 p.m. New York time/ET (6:00 p.m.- 5:45 p.m. Chicago Time/CT) with a 15-minute break each day beginning at 6:45 p.m. – 7:00 p.m. (5:45 p.m. – 6:00 p.m. CT)” (Trading Hours: Futures & Options, n.d.). Minimum price fluctuation (tick size):Minimum fluctuation or tick size is the minimum amount of change that the contract can go up or down. It can be changed to attract the purchasers.The Bursa Malaysia Crude Palm Oil – Gasoil Spread Futures Contract: minimum price fluctuation is $0.25 per metric ton (1 tick = $0.25 per metric ton), the contract size is 25 metric tons. The value of a tick is 25 x 0.25 = $6.25, meaning when the price of Crude Palm Oil changes $0.25, there will be a $6.25 move in the value of one contract (1 tick = $6.25 per contract).However, the tick sizes of E-mini future contracts are more complicated because they are classified into different ticks, such as the minimum price fluctuation of E-mini S&P 500 Options(E-mini S&P 500 Options Contract Specs, n.d.):• Regular Tick: 0.25 index points ($12.50) for premium > 5.00 index points ($250.00)• Reduced Tick: 0.05 index points ($2.50) for premium at or below 5.00 index points ($250.00)• CAB: 0.05 index points ($2.50)The contract will move $12.5 for one tick (0.25) of movement (from 500.00 to 500.25)