NASDAQ PRODUCT BOUNDARY

NQ, MNQ and QQQ: one context, three execution surfaces.

NQ, MNQ and QQQ can share a documented NASDAQ market context, but they are not interchangeable instruments. Contract size, price increment, venue and feed must be mapped and validated separately.

Published
Updated
Version
2.0
Stage
define
Level
Foundation
Reading time
9 minutes
Scope
NQ, MNQ and QQQ; standard one-minute charts
PATH

Before you begin

Learning objectives

  • Explain: The product contract
  • Explain: Instrument differences remain real
  • Explain: Mapping is validation
01

The product contract

NASDAQ Intraday Flow uses NQ as master context and supports NQ, MNQ and QQQ. Shared context does not mean copying one instrument's price onto another.

02

Instrument differences remain real

NQ and MNQ are CME futures with different contract multipliers; QQQ is an exchange-traded product on another price surface. Minimum increments and data paths require explicit handling.

03

Mapping is validation

Each symbol is checked at the same timestamp after documented mapping and rounding.

  • Use futures-aware tick rounding
  • Use QQQ's own price and feed
  • Complete each confirmed-to-exit lifecycle
  • Block unsupported charts rather than approximate
CHECK

Common mistakes

  • Reading the result without the stated scope and assumptions.
  • Changing the rule after seeing an outcome while still calling the data unseen evidence.
DO

Trader Checklist

  • Use futures-aware tick rounding
  • Use QQQ's own price and feed
  • Complete each confirmed-to-exit lifecycle
  • Block unsupported charts rather than approximate
APPLY

Practice exercise

Choose one of your own trading examples and write one page of rules, evidence and stopping conditions using the principles in "NQ, MNQ and QQQ: one context, three execution surfaces.".

FALSIFY

What evidence would overturn the conclusion

The conclusion should be overturned or narrowed if a key assumption cannot be reproduced inside the supported scope, the control cannot be executed, or new out-of-sample evidence repeatedly contradicts it.

SOURCES
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