Capitalize on the around-the-clock liquidity of E-mini S&P 500 futures (ES), and take advantage of one of the most efficient and cost-effective ways to gain market exposure to the S&P 500 Index, a broad-based, capitalization-weighted index that tracks 500 of the largest companies of the US economy and a key indicator of the stock market’s health. With ES futures, you can take positions on S&P 500 performance electronically.

Latest Equities news

Features and benefits

Leading liquidity

Deep liquidity & tight bid-ask spreads can reduce your costs.

Central marketplace

Trade a global equity index portfolio from one marketplace.

Flexibility

Flexible execution gives you multiple ways to find liquidity.

Margin savings

Save on potential margin offsets with other equity index futures.

Safety and security

Central clearing helps mitigate your counterparty risk.

Futures leverage

Use leverage to trade a large contract value with a small amount.

Explore this product in depth

PRODUCTS

E-mini S&P 500 options

Enjoy greater choice and flexibility for trading E-mini S&P futures and options with more expiries and new enhancements, including the introduction of ES options blocks.

Compare E-mini S&P 500 with other trading methods

In nearly every trading scenario, ES futures offer a more cost-efficient way to manage S&P 500 exposure compared to ETFs.

  • Pay no management fee when you trade ES futures vs. S&P 500 ETFs
  • Fully-funded institutional investors can save 8.9 - 13.3bps trading ES vs. ETFs*
  • Day traders can save between $80 - $119 using ES futures vs. ETFs over a one-day holding period*
  • Nearly 24-hour access means no waiting for the ETF market open when market events (Brexit, U.S. elections) happen post-close
  • ES futures offer significantly more daily liquidity, at 8x the value of all S&P 500 ETFs combined, including SPY, IVV and VOO*
  • Diversify your risk versus other holdings in your portfolio

*All scenarios are hypothetical and should be treated as such. Data is as of October 31, 2016, and calculations are based on the framework found at cmegroup.com/thebigpicture.

ES futures give you an easier, faster, more flexible way to harness S&P 500 performance.

  • Trade and track one ES future vs. 500 stocks to get nearly identical exposure
  • Nearly 24-hour access means your hands aren’t tied when off-hour news and events occur
  • ES gives you 60x buying power of cash stocks – less capital, to control a larger value
  • Easily sell short with ES - no uptick rule or special requirements
  • Spread trading vs. another sector like small caps takes less time, capital and trades

Key economic reports and factors that move markets

This monthly report shows changes in U.S. jobs, drives Fed policy and indicates economic growth.


These reports present the U.S. unemployment rate as a percentage. They drive Fed policy and indicate economy’s strength.


These updates list changes in earnings of publically traded companies, which can move the market.


The Federal Open Market Committee determines U.S. monetary policy and whether to move the key interest rate. It also drives stock market movements.


The Consumer Price Index measures inflation or cost-of-living changes through average price of a basket of goods and services.


These operations indicate the buying and selling of securities by U.S. central banks as a tool of monetary policy.


These reports track changes in oil and natural gas supplies. They also impact energy prices paid by consumers.


These reports track change in monthly raw volume of industrial goods produced.


View the latest insights on trends in the Equities market.

Courses

Take self-guided courses on E-mini S&P 500 futures and options products.

If you're new to futures, the courses below can help you quickly understand the E-mini S&P 500 market and start trading.

Contact an Equity Index expert

Connect with a member of our expert Equity team for more information about our products.

>

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2021 CME Group Inc. All rights reserved.