# M2K Tick Value & Contract Specs (Micro Russell 2000)

> 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.

**Source:** https://propfirmpal.com/futures/contracts/m2k  
**Generated:** 2026-09-25  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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M2K (Micro E-mini Russell 2000) ticks in 0.1 index points, worth $0.50 per contract. CME specs, P&L per move, hours and months.

## Contract specifications

| Specification | Value |
| --- | --- |
| Contract | Micro E-mini Russell 2000 (M2K) |
| Exchange | CME (CME Group) |
| Asset class | Equity index |
| Contract unit | $5 × Russell 2000 Index |
| Price quotation | US dollars and cents per index point |
| Tick size | 0.1 index points |
| Tick value | $0.50 per contract |
| Value of one index point | $5 |
| Contract months | H (Mar), M (Jun), U (Sep), Z (Dec) |
| Trading hours | 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. |
| Settlement | Financially settled |
| Last trading day | 9:30 am ET on the third Friday of the contract month. |

_Source: [CME Group — Micro E-mini Russell 2000 contract specs](https://www.cmegroup.com/markets/equities/russell/micro-e-mini-russell-2000.contractSpecs.html), retrieved 2026-09-22._

## Ticks to dollars

| Price move | Ticks | 1 contract | 10 contracts |
| --- | --- | --- | --- |
| 0.1 index points | 1 | $0.50 | $5 |
| 1 index point | 10 | $5 | $50 |
| 10 index points | 100 | $50 | $500 |

## Trading hours

| Central Time (CT) | Eastern Time (ET) | Breaks |
| --- | --- | --- |
| Sun 5:00 pm – Fri 4:00 pm | Sun 6:00 pm – Fri 5:00 pm | 4:00–5:00 pm CT (5:00–6:00 pm ET), Mon–Thu |

## Other sizes

- [RTY — E-mini Russell 2000](https://propfirmpal.com/futures/contracts/rty): $5 per tick.

## Which prop firms allow this contract

Prop Firm Pal does not yet record firms' permitted products symbol by symbol, so no firms are named here. Compare futures prop firms at https://propfirmpal.com/futures and check each firm's rules for M2K.

## Frequently asked questions

### What is the tick value of M2K?

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.

### How much is one index point worth on M2K?

One index point is worth $5 per M2K contract: 10 ticks of $0.50.

### What are M2K trading hours?

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.

### What months does M2K trade?

Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters. Month codes: H (Mar), M (Jun), U (Sep), Z (Dec).

### Is M2K cash-settled?

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.

### What is the margin for M2K?

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.

### What is the difference between M2K and RTY?

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.

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