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E-MINI S&P 500

First traded at CME in 1997, the CME® E-mini® S&P 500® futures contracts offer unique trading opportunities for risk management and market exposure at an affordable price. Based on the S&P 500 Index, CME E-mini S&P 500 futures are the most liquid stock index future available.

These contracts are available to trade virtually 24 hours a day on the CME Globex® electronic trading platform. The CME E-mini S&P 500 futures contract trades two months in the March quarterly cycle and moves in .25 index points, or $12.50 per contract.

The companies included in the underlying S&P 500 Index are chosen autonomously and may not apply or be nominated for inclusion. The index contains the leading companies in principal industries in the U.S. economy, and includes leaders in the financial, healthcare, energy, and industrial sectors among others.

What is a CME E-mini S&P 500 Futures Contract Worth?
To determine the value of a CME E-mini S&P stock index futures contract, you need to familiar with its multiplier and the current futures level:

Index value x $50 = One CME E-mini S&P 500 futures contract value

The CME E-mini S&P 500 multiplier is $50.
If the CME S&P 500 futures index level is 1200, multiply that by $50
1200 x $50 = $60,000

If you buy a CME E-mini S&P 500 futures contract at 1200, you are controlling a futures contract valued at $60,000.

CME E-mini S&P 500 Futures

Trade Unit

$50 times the Standard & Poor's 500 Stock Index

 

Point Descriptions

1 point = .01 index points =$.50

 

Contract Listing

Two months in the March Quarterly Cycle.

 

Strike Price Interval

N/A

 

Product Code

Clearing=ES
Ticker=ES

AON=EG
(250 Threshold)&

 

Trading Venue: CME® Globex®

Hours

Mon/Thurs 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-3:15 p.m. Month end(3:15 p.m.) LTD(8:30 a.m.)^^^^^ (AON FLOOR ONLY! 8:30 a.m.-3:15 p.m.)

 

Listed

The percentage price limit is calculated at the beginning of each calendar quarter. Limit is based on 5% of index value.

 

Strike

N/A

 

Limits

5%, 10%, 15% and 20% limits. See Equity limits (AON FLOOR ONLY! See Equity limits)

 

Minimum Fluctuation

Regular

0.25=$12.50

 

 

Calendar Spread

0.05=$2.50

 

 

Listed CME E-mini S&P 500 Futures Contracts

 

 

 

 

Months Traded

 

H, M, U, Z    Month Key Code

Eligible Months

 

2

Currently Listed

 

2

Last Day of Trading Rule

 

The business day of determination of the Final Settlement Price (normally, the 3rd Friday of the contract month).

New Contract Listing Rule

 

The day after the front month expires.

Special Notes

 

None

CME Rule Book Chapter

 

361

Settlement Type

 

Cash Settled

 

 

 

Seq.
No.

Contract
Month

Product
Code

First
Trade
Date

Last
Trade
Date

Cash
Settlement
Date

Delete
Date

1

Dec 2005

ESZ5

06/17/05

12/16/05

12/16/05

12/22/05

2

Mar 2006

ESH6

09/16/05

03/17/06

03/17/06

03/23/06
 

ProActive Futures 255 Executive Dr, Suite 410, Plainview, NY 11803 Phone: 1-877-393-5916 More Info

Privacy Policy Statement / Legal Disclaimer

The risk of loss in trading futures and options can be substantial. Futures and options trading may not be suitable for everyone.
Therefore, you should carefully consider the risks in light of your financial condition in deciding whether to trade.
You may sustain a total loss of the initial margin funds and additional funds that you deposit with your brokers to
establish or maintain a position in the commodity futures market.