EMD tick value & contract specs
E-mini S&P MidCap 400 (EMD) futures trade on CME. The price moves in ticks of 0.1, each tick is worth $10 per contract, and a full one-point move is worth $100 per contract.
EMD contract specifications
| Symbol | EMD |
|---|---|
| Contract | E-mini S&P MidCap 400 |
| Exchange | CME |
| Tick size | 0.1 |
| Tick value (per contract) | $10 |
| Point value (per contract) | $100 |
| Ticks per point | 10 |
| Contract size | $100 x S&P MidCap 400 index |
| Electronic hours (ET) | Sun–Fri 6:00pm – 5:00pm, daily break 5:00–6:00pm |
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
EMD ticks to dollars
10 ticks × 1 contract = $100
EMD tick value table
Dollar value of a move in EMD before commissions, at $10 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $10 | $20 | $50 | $100 |
| 4 | $40 | $80 | $200 | $400 |
| 10 | $100 | $200 | $500 | $1,000 |
| 20 | $200 | $400 | $1,000 | $2,000 |
| 40 | $400 | $800 | $2,000 | $4,000 |
Worked example
You buy 2 EMD contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $10 × 2 contracts = $200. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$10 per contract. EMD moves in increments of 0.1, and each increment changes the value of one contract by $10.
$100 per contract. One point is 10 ticks of 0.1.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Equity index
Futures P&L calculator with EMD selectedFutures Position Size Calculator (Free, No Signup) — FillbookFutures Trading Journal: Auto-Sync & Real Tick P&L — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged EMD trade. Confirm specifications with the exchange before trading. CME contract specifications