E-mini Nasdaq-100 (NQ) futures: tick value, specs & position size
One NQ tick is 0.25 index points = $5.00 per tick, and one point is $20.00 per point. A 10-point stop risks $200 per NQ, $20 per MNQ, $2 per NNQ.
NQ contract specifications
- Tick size
- 0.25 index points
- Tick value
- $5.00 per tick
- Point value
- $20.00 per point
- Contract size
- $20 multiplied by the Nasdaq-100 Index value
- Exchange
- CME
- 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)
Verified against CME Group on October 27, 2026. Official NQ contract specifications.
What a NQ stop costs
Dollar risk per contract for common stop distances, across the NQ family. Before commissions.
| Stop | Ticks | NQ | MNQ | NNQ |
|---|---|---|---|---|
| 2 pts | 8 | $40 | $4 | $0.40 |
| 4 pts | 16 | $80 | $8 | $0.80 |
| 5 pts | 20 | $100 | $10 | $1 |
| 10 pts | 40 | $200 | $20 | $2 |
| 15 pts | 60 | $300 | $30 | $3 |
| 20 pts | 80 | $400 | $40 | $4 |
Nasdaq-100 contract family
NQ contracts by account size
1% risk, 10-point stop, no commission.
| Account | NQ | MNQ | NNQ |
|---|---|---|---|
| $25,000 | 1 | 12 | 125 |
| $50,000 | 2 | 25 | 250 |
| $100,000 | 5 | 50 | 500 |
| $150,000 | 7 | 75 | 750 |
Trading NQ: what moves it and who trades it
E-mini Nasdaq-100 futures, symbol NQ, trade on CME. The multiplier is $20 times the Nasdaq-100 index. The minimum fluctuation is 0.25 index points, and each tick is worth $5. Point value is $5 / 0.25 = $20, so one index point is $20 per NQ contract.
MNQ is one-tenth of that multiplier, at $2 times the index, with the same 0.25-point tick worth $0.50. NNQ is the E-nano listing, at $0.20 times the index, with a 0.50-point tick worth $0.10. A stop measured in points therefore produces the same tick count on NQ and MNQ, and half as many ticks on NNQ. A 20-point stop is 80 NQ ticks. Eighty times $5 is $400 of risk per NQ contract before commission, $40 per MNQ, and $20 per NNQ (40 ticks × $0.10).
Contract count is the risk budget divided by that per-contract risk, rounded down. Ten MNQ contracts match one NQ contract. One hundred NNQ contracts match one NQ contract, because 100 × $0.20 = $20. NQ is quoted in U.S. dollars. This page does not state a margin figure; margin is set by the exchange and the broker and changes separately from the tick value.
Related contracts
NQ FAQ
How much is one NQ point worth?
One point is $20.00 per point. That is tick value divided by tick size.
How many MNQ equal one NQ?
10 MNQ equal one NQ.
What account size do I need for one NQ?
At a 10-point stop, one NQ risks $200 before commission. At 1% risk that is a $20,000 account. A smaller account can still trade a smaller contract in the same family when one exists.
Funded Futures Network
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