The ER2 futures market is based upon the Russell 2000 stock index, which is one of the stock indexes of the CME (Chicago Mercantile Exchange) in the US. The Russell 2000 index is calculated using the prices of the smallest (in terms of capitalization) 2000 companies from the Russell 3000 index. The ER2 futures market is traded on the Globex electronic trading system, 24 hours per day from 5:00 PM Central Time on Sunday night to 4:30 PM Central Time on Friday night. The ER2 futures market has a daily trading volume of approximately 175000 contracts, and a daily price range of approximately 10 points (100 ticks).
Companies
As of May 2007, the Russell 2000 index includes 2000 small capitalization US companies, such as the following companies :
- AAON
- BFC Financial
- CBIZ
- DHB Industries
- EGL
- FBL FInancial
- G & K Services
- H & E Equipment Services
- ICOS
- J & J Snack Foods
- K & F Industries
- LCA Vision
- M & F Worldwide
- NBT Bancorp
- O Charleys
- PAM Transn Services
- QAD
- R & G Financial
- S & T Bancorp
- THQ
- UCBH Holdings
- VA Software
- WD40
- X Rite
- Yankee Candle
- Zale
Contract Specifications
The full contract specifications for the ER2 futures market are as follows :
- Symbol (IB / Sierra Chart Format) : ER2
- Expiration date (as of May 2007) : June 15 2007
- Exchange : GLOBEX
- Currency : US Dollar
- Multiplier / Contract value : $100
- Tick size / Minimum price change : 0.1
- Tick value / Minimum price value : $10
Holidays
In 2007, the ER2 futures market is open for trading every trading day (Monday to Friday), except for the following holidays, when the opening and closing times are modified :
- January 01
- January 02
- January 12
- January 15
- February 16
- February 19
- April 06
- May 25
- May 28
- July 03
- July 04
- August 31
- September 03
- October 05
- October 08
- November 09
- November 12
- November 21
- November 22
- November 23
- December 24
- December 25
- December 26
- December 31
Exchange Web Site
The CME (Chicago Mercantile Exchange) web site is available at http://www.cme.com/, and provides additional information about the exchange, its trading system, and the ER2 index and futures market.