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S&P 500 Futures Contract Specs

Contract Unit $250 x S&P 500 Index
Trading Hours Open Outcry: Monday - Friday: 9:30 a.m. - 4:15 p.m. Eastern Time (ET)

CME Globex: Sunday - Friday: 6:00 p.m. - 5:00 p.m. ET with a trading halt 9:15 a.m. - 4:30 p.m.

CME Clearport: Sunday - Friday: 6:00 p.m. - 5:00 p.m. ET
Minimum Price Fluctuation Outright: 0.10 index points=$25

Calendar Spread: 0.05 index points=$12.50
Product Code CME Globex: SP
CME ClearPort: SP
Open Outcry: SP
Clearing: SP
Listed Contracts CME Globex:  Current lead month in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Open Outcry: Eight months in the March Quarterly Cycle
(Mar, Jun, Sep, Dec) 
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: 4:15 p.m. ET on Thursday prior to 3rd Friday of the contract month
Settlement Procedures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 351
Price Limit Or Circuit Price Limit or Circut Breaker
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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