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S&P 500 Annual Dividend Index Futures Contract Specs

Contract Unit $250 x S&P 500 Annual Dividends Index
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with  trading halt 4:15 p.m. - 4:30 p.m.

Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Minimum Price Fluctuation Outright:  0.05 index point=$12.50
Calendar Spread:  0.025 index point=$6.25
Product Code CME Globex: SDA
CME ClearPort: SDA
Clearing: SDA
Listed Contracts Annual contracts listed for 11 consecutive December expirations
Settlement Method Financially Settled
Termination Of Trading Trading can occur up to 9:30 a.m. ET on the 3rd Friday of the contract month
Settlement Procedures Settlement Procedures
Position Limits CME Position Limits 
Exchange Rulebook CME 365
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits 
Vendor Codes Quote Vendor Symbols Listing

 

About S&P 500 Annual Dividend Index Futures

Benefit from an efficient new way to hedge and express your views on the U.S. stock dividend market with S&P 500 Dividend annual futures. The S&P 500 Dividend Points Index (Annual) futures contract (SDA) is $250 times the S&P 500 Annual Dividend Points Index with the nearest 11 Decembers available for trading. The S&P 500 Dividend Points Index (Annual) (SPXDIVAN) tracks the accumulation of dividends on an annual basis and resets to zero after the expiration of the leading December contract.

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