Spot-Quoted futures

Trade leading U.S. equity index and cryptocurrency markets with low upfront capital commitment using Spot-Quoted futures, built small for greater access and precision.

Trade leading U.S. equity index and cryptocurrency* markets with low upfront capital commitment using Spot-Quoted futures, built small for greater access and precision.

Smaller size, greater cost efficiency

Trade with lower margin using small-sized contracts, making it more capital-efficient to enter the futures markets.

Spot pricing

Trade at the current spot price instead of the futures price.

Longer-dated contracts

No need to roll your positions monthly or quarterly, allowing you to maintain your strategy over extended periods.

See futures in a whole new light

Spot-Quoted futures (SQFs) provide a new and innovative way to access the futures market. Unlike traditional futures contracts, SQFs trade at the current spot price of the underlying index or cryptocurrency with a financing adjustment included at end of day to account for the economics of a futures contract, which together provides the all-in cost of your position. SQFs feature some of our smallest, more accessible contract sizes – ideal for active traders looking to enter the futures markets.

Spot-Quoted futures (SQFs) provide a new and innovative way to access the futures market. Unlike traditional futures contracts, SQFs trade at the current spot price of the underlying index or cryptocurrency and are subject to a financing adjustment, which together provides the all-in cost of your position. SQFs are traded on a highly regulated exchange where active traders see the same prices, quotes and trades as everyone else. As a result, these contracts combine the flexibility of Contracts for Difference (CFDs) with the transparency of exchange-traded futures.

Explore our Spot-Quoted futures products

Access a more straightforward way to trade small-sized products across U.S. indices and cryptocurrencies.

QSPX

Get exposure to the leading barometer of the U.S. stock market.

QNDX

Capture opportunities from exposure to leading non-financial U.S. large-cap companies.

QRTY

Gain precise, capital-efficient exposure to U.S. small-cap stocks.

QDOW

Manage exposure to 30 U.S. blue-chip companies represented in the DJIA.

QBTC

Fine-tune your bitcoin exposure with the ‌transparency and efficiency of futures.

QETH

Access price discovery and manage exposure to ether.

Access a more straightforward way to trade small-sized products across U.S. indices and cryptocurrencies.* 

QSPX

Get exposure to the leading barometer of the U.S. stock market.

QNDX

Capture opportunities from exposure to leading non-financial U.S. large-cap companies.

QRTY

Gain precise, capital-efficient exposure to U.S. small-cap stocks.

QDOW

Manage exposure to 30 U.S. blue-chip companies represented in the DJIA.

QBTC

Fine-tune your bitcoin exposure with the ‌transparency and efficiency of futures.

QETH

Access price discovery and manage exposure to ether.

*Derivatives referencing cryptocurrencies are not available for investors in the UK

Spot-Quoted futures fundamentals with Craig

Craig Bewick, Sr. Director, Retail Education, explains the key features of Spot-Quoted futures, how they differ from Micro and full-sized contracts, and easy-to-understand trading examples.

Spot-Quoted futures pricing calculator

The QuikStrike SQF pricing calculator helps you understand how the total financing adjustment affects your position and breaks down the financing component to allow you to confidently trade Spot-Quoted futures.

This tool is based on historical data. A trade date will be added to the tool once the financing adjustment for that day has been calculated, typically around 4:00 p.m. CT.

Spot-Quoted futures product data

View historical data on key components of Spot-Quoted futures.

Spot-Quoted Cryptocurrency marker

View the CME CF daily crypto marker used to calculate the total financing adjustment for QBTC and QETH. View the methodology.

Spot-Quoted Cryptocurrency marker

View the daily reference rates used to calculate the total financing adjustment for QBTC and QETH*. View the methodology.

Where to trade Spot-Quoted futures

CME Group futures contracts are traded through registered futures brokers. Choose from the options below to find a broker.

**Please note: The list is provided solely for informational purposes and is not an endorsement of any particular broker. It is not verification of legal registration, the broker's status or the firm's ability to solicit or carry customer accounts. Read additional important considerations about the brokers found on and off of this list. Don’t see your preferred broker? You have more choices. Search our full directory of firms to find the right match. Find a broker

Courses to build your knowledge

Learn more about Spot-Quoted futures

Understand how Spot-Quoted futures work, including how these contracts are priced and how they compare with other futures.

CME Group is the world’s leading 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.

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