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E-mini Utilities Select Sector 
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E-mini S&P Select Sector Index Futures

E-mini S&P Select Sector Index futures provide market participants with a full suite of U.S. equity market sector trading opportunities, through nine futures contracts based on the distinct equity sectors widely recognized by the marketplace. The contracts are based on the S&P Select Sector indices, leading indicators of U.S. equity market sector performance.

The futures offer market participants:

  • Tools to hedge portfolio risk associated with a specific sector or execute sector-specific strategies
  • Means to capitalize on correlations between sectors, a sector vs. the broader U.S. market or a sector vs. a related asset class (i.e., energy)
  • Potential cross margining benefits
  • Price transparency
  • Safety and security of CME Clearing, which substantially mitigates counterparty risk
  • Block and EFP eligibility

Things to know:

  • Unit of trading is $100 x the respective S&P Select Sector Index price (except for E-mini Financial Select Sector futures, which are $250 x underlying S&P Financial Select Sector Index price)
  • Futures trade on the CME Globex platform exclusively from 5:00 p.m. Sundays to 3:15 p.m. Fridays Chicago time (CT). Trading day closes at 3:15 p.m. and re-opens for next trade date at 3:30 p.m. weekdays, with a daily CME Globex maintenance shutdown from 4:30 p.m.-5:00 p.m.)
  • Listing cycle is two months in the March quarterly cycle (March, June, September, December)
  • Are cash-settled based on the Special Opening Quotation of the underlying index
  • Collectively, the S&P Select Sector indices represent the constituents of the S&P 500 Index

About the Underlying Indexes


Contract Name

Futures  Ticker

Companies Tracked by the Underlying Indices

Index
Ticker

E-mini Consumer Discretionary Select Sector Futures

XAY

Automotive companies, consumer electronics, luxury goods, retailing, hotels, restaurants, and more.

IXY

E-mini Consumer Staples Select Sector Futures

XAP

Food and staple retailers, beverages, food products, tobacco, household and personal staple industries, and more.

IXR

E-mini Energy Select Sector Futures

XAE

Energy equipment and services, as well as the oil, gas and consumable fuel industries.

IXE

E-mini Financial Select Sector Futures

XAF

Commercial banks diversified financial service companies, thrift and mortgage, real estate investment trusts, consumer finance companies and more.

IXM

E-mini Health Care Select Sector Futures

XAV

Health care providers, equipment and services, health care technology, companies, biotech companies, pharmaceuticals and life science services industries.

IXV

E-mini Industrial Select Sector Futures

XAI

Companies involved in capital goods such as aerospace and defense, machinery, construction and engineering, industrial conglomerates, as well as commercial service providers, transportation industries, and more.

IXI

E-mini Materials Select Sector Futures

XAB

Chemicals, construction materials, containers and packaging, metals and mining, and paper and forest industries.

IXB

E-mini Technology Select Sector Futures

XAK

Information technology and telecommunication Services, companies included in Global Industry  Classification Standards (GICS® classifications), including office electronics, semiconductors, wireless service providers and more.

IXT

E-mini Utilities Select Sector Futures

XAU

Major utility industries such as electric, gas, water and multi-utility companies, as well as independent power producers and energy traders.

IXU

For more on the Index methodology, visit the Standard & Poor's website.

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