Cryptocurrency Q&A
What is the difference between MNQ and NQ?
What is the difference between MNQ and NQ?
CryptoChieftain
Sat Feb 15 2025
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5
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I'm trying to understand the difference between MNQ and NQ. Could someone explain the distinct features of both and how they differ from each other?
5 answers
Federica
Mon Feb 17 2025
NQ futures possess a contract size equivalent to $20 multiplied by the Nasdaq-100 Index. This size plays a crucial role in determining the overall value and trading dynamics of these futures contracts.
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CryptoQueenBee
Mon Feb 17 2025
In contrast, MNQ futures have a contract size that is one-tenth of that of NQ futures. Specifically, MNQ futures' contract size is $2 multiplied by the Nasdaq-100 Index. This smaller contract size makes MNQ futures more accessible to traders with limited capital.
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SolitudePulse
Mon Feb 17 2025
The disparity in contract sizes between NQ and MNQ futures also has an impact on their minimum tick values. The minimum tick value represents the smallest increment by which a futures contract's price can change.
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SakuraWhisper
Sun Feb 16 2025
For NQ futures, the minimum tick value is set at $5.00. This means that the price of an NQ futures contract can only change in increments of $5.01.
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SumoHonorable
Sun Feb 16 2025
On the other hand, MNQ futures have a minimum tick value that is one-tenth of that of NQ futures. Hence, the minimum tick value for MNQ futures is $0.50. This smaller tick value allows for more granular price movements, potentially offering more trading opportunities.
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