S&P SmallCap 600 futures provide a way to efficiently gain exposure to the small-cap U.S. equity market using what is quickly becoming the preferred small-cap index for its superior index methodology. They also enable you to:

• Trade the entire index of 600 small-sized company stocks in one transaction, compared to a basket of small-cap stocks
• Benefit from lower trading costs versus trading a basket of futures or Exchange-Traded Funds (ETFs)
• Take advantage of the low correlation of this index to the S&P 500 Index
• Use a financial tool that accommodates a range of strategies, different market environments and varied objectives  

Things to know:

• CME Group has waived CME Globex, Clearing and block trading fees through March 2008 on this product
• Trading takes place:
  • On the CME Group trading floor during open outcry trading hours
  • Electronically on the CME Globex platform when the trading floor is closed
• CME Clearing matches and settles all trades and guarantees counterparty creditworthiness 

About the Underlying Index
The S&P SmallCap 600 is fast becoming the preferred small-cap index in the U.S., covering approximately 3% of the U.S. equities market. The S&P SmallCap 600 is designed to be an efficient portfolio of companies that meet specific inclusion criteria to ensure that they are investable and financially viable. It makes up the final piece of the S&P U.S. index series that can be used as building blocks for portfolio construction. 

For more details on the S&P SmallCap 600 Index and its construction, visit the Standard & Poor’s Web site.