Futures on Standard & Poor’s 500 Depositary Receipts (SPDRs) provide a way to quickly and efficiently access and trade the first and largest ETF (in terms of assets) in the U.S. They also enable you to:

• Benefit from lower capital requirements to trade the futures contract versus the ETF
• Diversify portfolio investments with a unique product
• Hedge against ETF investments or guard against portfolio losses in declining markets
• Use a financial tool that accommodates a range of strategies, different market environments and varied objectives  

Things to know:

• This product combines the benefits of two highly successful product innovations:  E-mini stock index futures and Exchange Traded Funds (ETFs).
• Contracts trade electronically on the CME Globex platform, from 8:30 a.m. – 3:15 p.m. Chicago time on weekdays, approximately when the underlying ETFs trade
• CME Clearing matches and settles all trades and guarantees counterparty creditworthiness