Product Overview

What are Micro E-mini S&P 500 futures?

Micro E-mini S&P 500 futures (product symbol MES) are based on the S&P 500 Index, a broad-based market capitalization weighted index that tracks 500 of the largest (or large-cap) U.S. companies. This index is widely followed as a key indicator of the health of the U.S. stock market, This smaller-sized electronic futures contract gives traders an opportunity to take positions on whether the performance of the S&P 500 Index will go up or down in value.

At $5.00x's the S&P 500 Index price, Micro E-mini S&P 500 futures provide a broader universe of individual traders the opportunity to discover the benefits of trading futures by lowering the amount of money required to enter the market.

Why would you want to trade Micro E-mini S&P 500 futures?

  1. As a leading gauge of U.S. economy, this contract offers hedging and risk management opportunities against volatile moves in the U.S. stock market performance.
  2. More cash efficient than trading the equivalent ETF.
  3. The global markets don’t sleep. This contract allows traders stock exposure and growth opportunities in an index that offers almost 24-hour trading, six days a week.

How do you trade Micro E-mini S&P 500 futures?

Micro E-mini S&P 500 futures are “futures contracts” on an equity index benchmark. They are cash-settled contracts with quarterly expiration dates scheduled for the months of March, June, September, and December.

With a single transaction, investors can use equity index futures products to manage risk or seek profits based on whether they think the stock market performance will rise or fall.

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Contract Specifications


Contract Month

Five months in the March Quarterly Cycle (March, June, September, December, March)

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Product

Micro E-mini S&P 500

Contract Size

$5 x S&P 500 Index

Trading Venue

CME offers electronic trading almost 24/6

Minimum Tick

0.25 index points

Product Symbol

MES

Dollar Value of One Tick

$1.25 per contract

Exchange Rulebook

CME 353

Settlement Procedures

Settlement Procedures

Price Limit or Circuit

Price Limits

Settlement Method

Financially Settled

Options Available

2 Quarterlies, 3 End-of-Months, 5 Fridays (3 Weeks 1,2 and 4 & 2 Serials)

Termination of Trading

Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.

Contract Specifications


Product Name

Micro E-mini S&P 500

Options Expirations

Weekly (M,W,F), Monthly, Quarterly

Options Symbol

EOM: EX
Weekly: EX1- EX4
Quarterly: MES

Trading Venue

Globex

Trading Hours

CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.

Type Of Expiration

Quarterly: American. Weeklies, EOM: European

Minimum Tick Size

Outright: 0.25=$1.25 for premium >5.00 Reduced Tick: 0.05=$0.25 for premium < or =5.00

Micro E-mini S&P 500 MES Price

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Last Trade as of CST. 10 Minutes Delayed Quote. Powered by CQG

Futures Calendar

28 NOV
No Event
Price Action Alerts Source Redsky Markets