S&P 500 Quarterly Dividend Index
Futures
S&P 500 Quarterly Dividend Index Futures - Contract Specs
| Contract Unit | $1,000 x S&P 500 Quarterly Dividends Index |
|---|---|
| Trading Hours | CME Globex: Sunday 6:00 p.m. - Friday - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a daily maintenance period from 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) CME ClearPort: Sunday 6:00 p.m. - Friday 6:45 p.m. ET (Sun 5:00 - Fri 5:45 p.m. CT) with no reporting Monday - Thursday 6:45 p.m. - 7:00 p.m. ET (5:45 p.m. - 6:00 p.m. CT) |
| Minimum Price Fluctuation | Outright: 0.010 index points=$10.00 Calendar Spread: 0.005 index points=$5.00 |
| Product Code | CME Globex: SDI CME ClearPort: SDI Clearing: SDI |
| Listed Contracts | Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading can occur up to 9:30 a.m. Eastern Time (ET) on the 3rd Friday of the contract month |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes |
About S&P 500 Quarterly Dividend Index Futures
Hedge and express your view on the U.S. stock dividend market with quarterly S&P 500 Dividend Index futures. The quarterly contract (SDI) is $1,000 times the S&P 500 Dividend Points Index with the nearest five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) available for trading. The S&P 500 Dividend Points Index (SPXDIV) tracks the accumulation of dividends on a quarterly basis and resets to zero at the end of each period.
