M2K tick value and contract specs
Micro E-mini Russell 2000 futures on CME: what one tick is worth, the full exchange specification, and what a move costs on a prop firm account.
What is the M2K tick value?
One M2K tick is 0.1 index points, worth $0.50 per contract. One index point is worth $5, so a move of 10 index points is 100 ticks, or $50 on one contract.
M2K contract specifications
From CME Group, read 2026-09-22.
Specification
Value
Source: CME Group - Micro E-mini Russell 2000 contract specs, retrieved 2026-09-22. Margin is omitted: it changes often and differs by broker.
M2K ticks to dollars
Profit or loss = ticks moved × tick value × contracts.
Price move
Ticks
1 contract
5 contracts
10 contracts
M2K and prop firm drawdown
A prop firm’s drawdown limit is a dollar amount, so the useful question is how far the market can move against you before you hit it. On a $2,000 limit, one M2K contract has 400 index points (4,000 ticks) of room; five contracts have 80 index points (800 ticks). A trailing drawdown shrinks that room as open profit is given back, so measure from where the limit is now, not where it started.
M2K trading hours
Central Time (CT)
Eastern Time (ET)
Daily break
CME sets hours in Chicago time. ET is always CT + 1 hour, because both zones change for daylight saving on the same dates.
M2K hours and holidays
M2K trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. See whether it is open right now, in your own time zone, on the futures market hours page. Holidays close or shorten the session - the CME holiday schedule for 2026 lists every one.
M2K contract months
Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters.
Month code
Month
Example symbol
M2KZ26 is the December 2026 contract.
Reading a contract symbol
A full symbol is the product code, the month code and the year. How the codes work, and when volume rolls to the next contract, is on the futures month codes page.
M2K micro and mini
M2K other sizes
RTY (E-mini Russell 2000) tracks the same market at ten times the size of M2K: one tick is worth $5, against $0.50.
Sizing in the smaller contract lets you scale a position in finer steps, at the cost of paying commission on more contracts. Micro vs mini futures compares every pair.
Which prop firms allow M2K?
Prop firms and M2K
Each futures prop firm publishes its own list of permitted products and its own contract limits, and many count micros differently from minis. We do not yet record those lists symbol by symbol, so this page does not name firms rather than guess. Compare futures prop firms and check the firm’s rules page for M2K before you buy an evaluation.
FAQs - M2K
Facts checked 2026-09-22 against CME Group contract specifications.
One M2K tick is 0.1 index points, worth $0.50 per contract. One index point is worth $5, so a move of 10 index points is 100 ticks, or $50 on one contract.
One index point is worth $5 per M2K contract: 10 ticks of $0.50.
M2K trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. In Eastern Time that is Sun 6:00 pm – Fri 5:00 pm. Holidays shorten or close sessions.
Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters. Month codes: H (Mar), M (Jun), U (Sep), Z (Dec).
M2K is financially settled. Last trading day: 9:30 am ET on the third Friday of the contract month. Most traders roll to the next contract month before then.
CME Group sets the exchange margin for M2K and changes it often, and brokers set their own day-trading margins on top. A prop firm account does not post margin: the firm’s drawdown limit and contract limit cap the risk instead. For a current exchange figure, check CME Group’s margin page for the contract.
RTY (E-mini Russell 2000) tracks the same market at ten times the size of M2K. One RTY tick is worth $5, against $0.50 for M2K.
Related reference
More futures reference, and where these rules meet prop firm terms.
ES - E-mini S&P 500 contract specs
MES - Micro E-mini S&P 500 contract specs
NQ - E-mini Nasdaq-100 contract specs
MNQ - Micro E-mini Nasdaq-100 contract specs
YM - E-mini Dow ($5) contract specs
MYM - Micro E-mini Dow contract specs
Futures contract specs: all contracts
Futures market hours: open now?
CME holiday schedule 2026
Futures tick values explained
Futures contract month codes
Micro vs mini futures
Futures prop firms compared
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