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S&P 500 Futures Contract Specs

Contract Unit $250 x S&P 500 Index
Trading Hours CME Globex: Sunday - Friday: 6:00 p.m. - 5:00 p.m. New York Time/ET (5:00 p.m. - 4:00 p.m. Chicago Time/CT). Trading halt Monday – Friday 9:15 a.m. - 4:30 p.m. New York Time/ET (8:15 a.m. - 3:30 p.m. Chicago Time/CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. New York Time/ET (4:00 p.m. - 5:00 p.m. Chicago Time/CT) daily maintenance period.
Open Outcry: MON - FRI:: 8:30 a.m.-3:15 p.m.
CME ClearPort: Sunday - Friday: 6:00 p.m. - 5:00 p.m. New York time/ET (5:00 p.m. - 4:00 p.m. Chicago Time/CT).  Monday - Thursday 5:00 p.m. - 6:00 p.m. New York Time/ET (4:00 p.m. - 5:00 p.m. Chicago Time/CT) daily maintenance period.
Minimum Price Fluctuation CALENDAR SPREAD 0.05 index points=$12.50
OUTRIGHT 0.10 index points=$25
Product Code CME Globex: SP
CME ClearPort: SP
Open Outcry: SP
Clearing: SP
Listed Contracts CME Globex One month in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Open Outcry Eight months in the March Quarterly Cycle
(Mar, Jun, Sep, Dec) plus three additional Dec contracts
Settlement Method Financially Settled
Termination Of Trading CME Globex On the rollover date (typcially eight days prior to last trade date for open outcry) when the lead month goes off the screen and the deferred month becomes the new lead month. View Rollover Dates
Open Outcry 3:15 p.m. on Thursday prior to 3rd Friday of the contract month
Settlement Procedures S&P Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 351
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing

About S&P 500

S&P 500 futures and options offer a capital-efficient means to manage exposure to the leading large –cap companies of the U.S. stock market. Based on the underlying Standard & Poor’s 500 stock index, which is made up of 500 individual stocks representing the market capitalizations of large companies, the S&P 500 Index is a leading indicator of large-cap U.S. equities.

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