What Are Micro E-mini Dow Futures?
Micro E-mini Dow Futures (MYM) are a smaller-sized version of the popular E-mini Dow Futures contract. These contracts allow traders to gain exposure to the Dow Jones Industrial Average (DJIA), a benchmark that tracks 30 of the largest U.S. companies. MYM contracts are designed for traders who want to access the Dow with lower financial commitment and reduced risk compared to larger futures contracts.
Trading Hours
The Micro E-mini Dow Futures contract trades nearly 24 hours a day, five days a week, providing constant access to the market.
- Trading Hours: Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: 1 index point.
- Tick Value: $0.50 per tick.
- Minimum Price Fluctuation: 1 point.
This makes the Micro E-mini Dow Futures an excellent choice for precision trading with lower exposure.
Trading Symbol
- Platform Symbol: MYM
Margins
To trade Micro E-mini Dow Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Micro E-mini Dow Futures?
- Accessibility: Lower margins and smaller contract size make MYM accessible to retail traders.
- Flexibility: Fine-tune your position sizing compared to standard E-mini contracts.
- Liquidity: Benefit from the same deep liquidity as larger contracts.
- Diversification: Gain direct exposure to the Dow Jones Industrial Average, one of the most widely followed benchmarks for the U.S. stock market.
Start Trading MYM with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Micro E-mini Dow Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.