E-mini S&P SmallCap 600

E-mini S&P SmallCap 600 futures (ticker symbol SMC) provide a way to efficiently gain exposure to the U.S. small-cap market using what is quickly becoming the preferred small-cap index. They also enable you to:

• Trade the entire index of 600 small-sized company stocks in one transaction, compared to a basket of small-cap stocks
• Trade a smaller-sized S&P SmallCap 600 contract compared to the standard product
• Tap into historically better performance, liquidity, stability and a superior methodology of the index for identifying investable and financially viable small-cap issues
• Benefit from lower trading costs compared to trading individual stocks or Exchange-Traded Funds (ETFs)
• Take advantage of the low correlation to the S&P 500 Index and its potential for diversification strategies
• Use a financial tool that accommodates a range of strategies, different market environments and varied objectives 

Things to know:

• Fees for CME Clearing, CME Globex and block trading for this product are waived through March 2008
• Dedicated market makers from eight leading firms have been established to provide deep, two-sided markets
• This contract, with a $100 multiplier, was launched in August 2007 as a new E-mini product
• Contracts trade solely electronically on the CME Globex platform
  • Accessible virtually around the clock, around the world
  • Complete price transparency and anonymity
• CME Clearing matches and settles all trades and guarantees counterparty creditworthiness

About the Underlying Index
Introduced in 1994, S&P SmallCap 600 is fast becoming the preferred small cap index in the United States. Measuring a segment of the market that is typically renowned for its compelling risk/reward opportunities, S&P SmallCap 600 is designed to be an efficient portfolio of companies that meet specific inclusion criteria to ensure that they are investable and financially viable. As a result, the S&P SmallCap 600 is gaining wide acceptance as the benchmark of choice for both active and passive management. S&P SmallCap 600 is a core component of the U.S. indices that could be used as building blocks for portfolio construction.

Index constituents exhibit the following characteristics:

• Market Coverage - 3%-4% of the U.S. equities market
• Weighting - Market capitalization
• Market Capitalization - US$ 300 million to US$ 1.5 billion
• Public Float - At least 50%
• Reconstitution - As needed basis

Learn more about this Index and the methodology at www.standardandpoors.com

©2008 CME Group, Inc.