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E-mini S&P 500

Product Overview

E-mini S&P 500
E-mini S&P 500 futures provide a way to efficiently gain exposure to the key benchmark for large-cap U.S. stocks and arguably the most liquid stock index futures contract in the world. This all-electronic contract also enables you to:

  • Benefit from lower trading costs compared to trading individual stocks or Exchange-Traded Funds (ETFs)
  • Use a financial tool that accommodates a range of strategies, different market environments and varied objectives
  • Together with other CME Group equity products, effectively replicate all your global equity exposure on a single platform
  • More

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General News & Announcements for Equity
RSS

Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style

• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


July 08 and Aug 08 Options on Standard, E-mini Russell 2000 futures Will Not Be Listed

To help facilitate an orderly de-listing of the Russell index futures and options following the September 19, 2008 expiration, CME Group announced that it will not list the July and August 2008 serial month options for Russell 2000 and E-mini Russell 2000 futures


CME Product Market Data
Report Type

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Contract Specification View
Trade Unit $50 times the Standard & Poor's 500 Stock Index
Settle Method Cash Settled
Point Size 1 point = .01 index points =$.50
Strike Price Interval Cents per pound at intervals of $0.02, e.g. $0.60, $0.62
Strike
Limits/Price Banding Successive 10%, 20%, and 30% price limits based on the average daily close of the cash index in the last month of the preceding quarter. Price limits are effective only for limit moves below the previous day's close.
Tick Size (Minimum Fluctuation)
Regular0.25=$12.50
Calendar Spread0.05=$2.50
Trading 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. LTD: 8:30 am
Listed The percentage price limit is calculated at the beginning of each calendar quarter. Limit is based on 5% of index value.
Product Codes Clearing=ES Ticker=ES AON=EG (250 Threshold)
Minimum Block Size
Product Calendar Five months in the March Quarterly Cycle. <
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General News & Announcements for Equity
RSS

Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style

• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


July 08 and Aug 08 Options on Standard, E-mini Russell 2000 futures Will Not Be Listed

To help facilitate an orderly de-listing of the Russell index futures and options following the September 19, 2008 expiration, CME Group announced that it will not list the July and August 2008 serial month options for Russell 2000 and E-mini Russell 2000 futures


Contracts Currently Eligible to Trade and Recently Expired Contracts
Contract Month Product Code First Trade Date Last Trade Date Settlement Date
SEP08 ESU08 06/25/2007 Add to Outlook 09/19/2008 09/19/2008
DEC08 ESZ08 09/21/2007 Add to Outlook 12/19/2008 12/19/2008
MAR09 ESH09 12/21/2007 Add to Outlook 03/20/2009 03/20/2009
JUN09 ESM09 03/20/2008 Add to Outlook 06/19/2009 06/19/2009
SEP09 ESU09 06/20/2008 Add to Outlook 09/18/2009 09/18/2009
General News & Announcements for Equity
RSS

Reduced Fees on Spread-Traded E-mini Options

Retroactive to May 1, 2008, CME Group has waived CME Globex fees on the following E-mini equity index options: 

ELIGIBLE CONTRACTS (Must Be Traded As Part of a Spread)
American-Style

• E-mini S&P 500 options
• E-mini NASDAQ-100 options
• E-mini S&P MidCap 400 options
European-Style
• End-of-month (EOM) E-mini S&P 500 options


Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products


July 08 and Aug 08 Options on Standard, E-mini Russell 2000 futures Will Not Be Listed

To help facilitate an orderly de-listing of the Russell index futures and options following the September 19, 2008 expiration, CME Group announced that it will not list the July and August 2008 serial month options for Russell 2000 and E-mini Russell 2000 futures