E-nano futures: the smallest index futures yet
CME's E-nano contracts are one-tenth the size of a Micro E-mini. Here is what they are, what they cost and where to trade them.
What CME launched
On August 24, 2026, CME Group listed E-nano futures on four US stock indexes: the S&P 500 (NES), Nasdaq-100 (NNQ), Russell 2000 (N2K) and Dow Jones Industrial Average (NDOW). NES, NNQ and N2K trade under CME rules; NDOW trades under CBOT rules. They trade nearly 23 hours a day in the nearest two quarterly months: March, June, September and December.
CME's reason was price. With the indexes at record highs, even a Micro E-mini S&P 500 controls about $35,000 of stock, which is a lot of exposure for a small account.
How the sizes compare
| Index | E-mini | Micro E-mini | E-nano |
|---|---|---|---|
| S&P 500 | $50 per point | $5 per point | $0.50 per point |
| Nasdaq-100 | $20 per point | $2 per point | $0.20 per point |
| Russell 2000 | $50 per point | $5 per point | $0.50 per point |
| Dow Jones | $5 per point | $0.50 per point | $0.05 per point |
Watch the commission, not just the size
Most brokers charge the same per-contract commission for an E-nano as for a Micro. Exchange and NFA fees don't shrink tenfold either. One E-nano carries a tenth of a Micro's market exposure but often nearly the same trading cost, so commissions eat a far bigger share of each point you make. A $0.75 commission on an E-nano S&P 500 contract equals 1.5 index points of movement per side.
E-nanos make the most sense for sizing positions precisely, for hedging a small stock portfolio, or for learning with real money at small risk. For frequent trading, the cost per dollar of exposure usually favors Micros.
Where to trade E-nano futures
| Broker | E-nano availability and price |
|---|---|
| Interactive Brokers | $0.25 per side (Fixed); listed by CME as an E-nano broker |
| NinjaTrader | Same plan rates as Micros; CME named NinjaTrader a launch partner |
| Tradovate | Same plan rates as Micros (pricing page groups them together) |
| MetroTrade | Offers all four E-nano contracts; rate not published |
| TradeStation | Charged at the Micro rate, per TradeStation's margin page |
| AMP Futures | Offered (CME lists AMP); rate not published |
| Robinhood | Same flat rate; CME launch partner for E-nano |
| Webull | S&P 500 and Nasdaq-100 E-nano added mid-September 2026; rate not published |
| tastytrade | $0.75 per side |
| E*TRADE | $0.75 per side |
Futures are leveraged. A small margin deposit controls a much larger position, and losses can exceed the money in your account. CME had not finalized E-nano margins before launch, so check your broker's current margin requirement before trading.