S&P 500 futures provide a way to efficiently gain exposure to the large-cap U.S. stock market with contracts on the world’s most widely followed financial benchmark. They also enable you to:
- Benefit from lower 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
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View free real-time quotes on a variety of electronically traded CME Group products
Euro-denom. E-mini S&P 500 Futures to Launch Oct. 27
Capitalize on compelling new spreading opportunities while gaining exposure to the euro and the U.S. large-cap benchmark in a single trade.
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
Reduced fees for spread-traded E-mini options
Effective though December 2008
- Equity Index Price Limits
- Equity Index Products Research Center
- Equity Index Choices center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
| Trade Unit | $250 times the Standard & Poor's 500 Stock Price Index | ||
| Settle Method | Cash Settled | ||
| Point Size | 1 point = .01 index points = $2.50 | ||
| Strike Price Interval | |||
| 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) |
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| Trading Hours | Mon/Thurs 5:00 p.m.-8:15 a.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.-8:15 a.m. | ||
| 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=SP Ticker=SP | ||
| Minimum Block Size | |||
| Product Calendar | Eight months in the March quarterly cycle. Mar, Jun, Sep, Dec. View current product listings |
| Trade Unit | $250 times the Standard & Poor's 500 Stock Price Index | ||||
| Settle Method | Cash Settled | ||||
| Point (Tick) Size | 1 point = .01 index points = $2.50 | ||||
| Strike Price Interval | |||||
| 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. | ||||
| Minimum Fluctuation |
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| Trading Hours | 8:30 a.m.-3:15 p.m. LTD: 3:15 pm | ||||
| Listed | The percentage price limits are calculated at the beginning of each calendar quarter. Trading halts are coordinated with trading halts in the primary securities markets. | ||||
| Product Codes | Clearing=SP Ticker=SP | ||||
| Minimum Block Size | |||||
| Product Calendar | Eight months in the March quarterly cycle. Mar, Jun, Sep, Dec. View current product listings |
Euro-denom. E-mini S&P 500 Futures to Launch Oct. 27
Capitalize on compelling new spreading opportunities while gaining exposure to the euro and the U.S. large-cap benchmark in a single trade.
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
Reduced fees for spread-traded E-mini options
Effective though December 2008
- Equity Index Price Limits
- Equity Index Products Research Center
- Equity Index Choices center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| DEC08 | SPZ08 | 12/15/2006 |  |
12/18/2008 | 12/19/2008 |
| MAR09 | SPH09 | 03/16/2007 | |
03/19/2009 | 03/20/2009 |
| JUN09 | SPM09 | 06/15/2007 | |
06/18/2009 | 06/19/2009 |
| SEP09 | SPU09 | 09/21/2007 | |
09/17/2009 | 09/18/2009 |
| DEC09 | SPZ09 | 12/21/2007 | |
12/17/2009 | 12/18/2009 |
| MAR10 | SPH10 | 03/20/2008 | |
03/18/2010 | 03/19/2010 |
| JUN10 | SPM10 | 06/20/2008 | |
06/17/2010 | 06/18/2010 |
| SEP10 | SPU10 | 09/19/2008 | |
09/16/2010 | 09/17/2010 |
Euro-denom. E-mini S&P 500 Futures to Launch Oct. 27
Capitalize on compelling new spreading opportunities while gaining exposure to the euro and the U.S. large-cap benchmark in a single trade.
Fee Incentives & Intercommodity Spreads: S&P SmallCap & MidCap Products
Fee Waivers on the S&P MidCap 400 and S&P SmallCap 600 contracts
Reduced fees for spread-traded E-mini options
Effective though December 2008
- Equity Index Price Limits
- Equity Index Products Research Center
- Equity Index Choices center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A
- Equity Index Price Limits
- Equity Index Products Research Center
- Equity Index Choices center
- EOM Options Fixing Price (ESF)
- Equity Fair Value Premiums
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Month-End FV Settlement Q&A