E-minis are futures contracts that represent a fraction of the value of standard futures. They are primarily traded on the Chicago Mercantile Exchange’s Globex electronic trading platform and the New York Board of Trade. E-mini contracts were first launched in 1997 for the S&P 500 Index, with great success, and are now available on a wide range of stock market indexes. Some E-mini contracts provide trading advantages. These advantages include high liquidity, greater affordability for individual investors due to lower margin requirements than the full size contracts, and round–the-clock trading from Sunday afternoon to Friday afternoon.
The Mini-Russell contract is traded on the US ICE Futures Exchange. Its symbol is TFE plus the month. In the past, its contract size has been $100 times the Russell 200, making each 100 point move worth $100. BUT WAIT! This Friday, December 2, 2016 at the close of business, the Exchange is making a HUGE change. Each 100 point move will now be worth $50.00! This means if you have ONE Mini Russell in your trading account,you will receive ANOTHER ONE LOT to equal the monetary value of your original position. SO..although your point value will be reduced, cutting the contract size in half, the margin will remain the same.
Series 3 Licensed
Senior Market Strategist
Susan attended the University of Wisconsin Integrated Liberal Arts Program where she received her BA/BE degrees in 1966. After graduating, Susan taught elementary school. In 1980, after watching a family member trade in the pits of the Chicago Mercantile Exchange, she began training with Ira Epstein and G.H. Miller. She passed her Series 3 exam and enrolled in a multitude of technical analysis courses, including: charting, fundamental theory, Gann theory, Market Profile, and seasonal patterns. In 1981, she moved to Rouse Woodstock, which became American Futures, where she helped train brokers to raise equity. In 1982 she formed a trading group and then moved to Refco. In 1994, she joined Jack Carl/Index Futures to pursue the retail hotline business and expand her trading group. In 2011, Susan joined RJO Futures.