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CME S&P 500 Futures
Contract Size
The size of a CME S&P 500® futures contract is the contract’s multiplier ($250) times the current CME S&P 500 futures level. If the Index level is at 1400, for example, then the contract is worth:
$250 x 1400 = $350,000
The contract moves in ticks of 0.10 index points valued at $25 (futures calendar spreads: 0.05 index points = $12.50 contract).
The futures expire on a quarterly basis and are listed eight months out in the March quarterly cycle. These contracts trade on the CME floors during regular trading hours and are available electronically on the CME Globex® platform during extended trading hours (ETH).
Underlying Index
The S&P 500 Index is a perhaps the most widely followed benchmark of stock market performance in the world. It is capitalization-weighted and float-adjusted index of 500 large-capitalization stocks traded on the NYSE, ASE and the Nasdaq National Market System. The Index represents the market value of all outstanding common shares of 500 firms listed (share price x shares outstanding). A change in the price of any one stock influences the Index in proportion to the relative market value of that firm's outstanding shares

CME S&P 500 Futures

Trade Unit

$250 times the Standard & Poor's 500 Stock Price Index

 

Point Descriptions

1 point = .01 index points = $2.50

 

Contract Listing

Eight months in the March quarterly cycle. Mar, Jun, Sep, Dec.

 

Strike Price Interval

N/A

 

Product Code

Clearing=SP
Ticker=SP

 

Trading Venue: Floor

Hours

8:30 a.m.-3:15 p.m. Month end(3:15 p.m.) LTD(3:15 p.m.)^

 

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.

 

Strike

N/A

 

Limits

Price Limits corresponding to a 5.0%, 10.0%, 15.0% and 20.0% decline below the Settlement Price of the preceding RTH session. See Equity limits

 

Minimum Fluctuation

Regular

0.10=$25.00

 

Calendar Spread

0.05=$12.50

 

Trading Venue: CME® Globex®

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 Lead month in the Quarterly cycle.

 

Strike

N/A

 

Limits

Price limit corresponding to a 5% INCREASE or DECREASE from the Prior Settlement Price.

 

Minimum Fluctuation

Regular

0.10=$25.00

 

 

  

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.