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S&P 500 Quarterly Dividend Index Futures Contract Specs

Contract Unit $1,000 x S&P 500 Quarterly 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:  0.010 index points=$10.00
Calendar Spread:  0.005 index points=$5.00
Product Code CME Globex: SDI
CME ClearPort: SDI
Clearing: SDI
Listed Contracts Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Settlement Method Financially Settled
Termination Of Trading Trading can occur up to 9:30 a.m. Eastern Time (ET) on the 3rd Friday of the contract month
Settlement Procedures Settlement Procedures
Position Limits CME Position Limits 
Exchange Rulebook CME 366
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits 
Vendor Codes Quote Vendor Symbols Listing

 

About S&P 500 Quarterly Dividend Index Futures

Hedge and express your view on the U.S. stock dividend market with quarterly S&P 500 Dividend Index futures. The quarterly contract (SDI) is $1,000 times the S&P 500 Dividend Points Index with the nearest five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) available for trading. The S&P 500 Dividend Points Index (SPXDIV) tracks the accumulation of dividends on a quarterly basis and resets to zero at the end of each period.

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