Markets

Spot-Quoted Futures

Equity Index and Crypto futures, now priced at spot.

Explore products [primary]

Pricing calculator [secondary]

https://www.cmegroup.com//content/dam/cmegroup/markets/images/spot-quoted-futures-leadspace-static.jpg

https://www.cmegroup.com/content/dam/cmegroup/markets/files/spot-quoted-futures-video-banner.mp4

Trade at the spot price

Enter your position at the current spot market price, providing alignment with the cash market.

Trade with less capital

Use smaller contracts and lower margin to enter markets, resulting in more accessible trading with less upfront capital.

Trade without monthly rolls

The extended expiry allows you to maintain exposure without monthly or quarterly rolls, adding versatility for longer-term strategies.

style
full-width

A fresh take on futures trading

Explore the most straightforward way to trade futures on U.S. indices and cryptocurrencies – aligned with the real-time cash market spot price.

style
destination, blue0-background, text-1
layout
15-85
arrange
1-1

Trade the leading U.S. stock market benchmarks, from large-cap to small-cap.

Product id

11086

11088

11090

11092

style
destination, tabs, dark-transparency-background, blue0-blue2-gradient-background, green line, tabs-in-column-2
Tab Id
equities
Tab title
EQUITIES
layout
15-85
arrange
0-2

Take advantage of opportunities in actively traded cryptocurrencies worldwide.

Product id

11094

11096

11417

11415

style
tabs, dark-transparency-background, blue0-blue2-gradient-background, green line, destination, tabs-in-column-2
Tab Id
crypto
Tab title
CRYPTO
layout
15-85
arrange
0-2

Spot-Quoted futures,
explained

Got questions? We have answers. Find out more about Spot-Quoted futures (SQFs).

View FAQs

A Closer Look at Spot-Quoted Futures

Intro to SQFs

Gaining Exposure to Spot Crypto Prices

Fact Card
style
blue2-background, padding-bottom-l
layout
15-30-50
arrange
0-1-2
text-highlight
bg-green
text-highlight-color
blue2
Id
SUB-2025-GEN-015
High Value
false
Source
https://www.cmegroup.com/forms/one-click-subscription/spot-quoted-futures.json

https://www.cmegroup.com/content/dam/cmegroup/retail/images/infocus-bg-940x600.png

style
destination, blue2-background, no-gap, equal-height, img-cover-last-col, rounded-corners-1-1-layout
layout
15-65-20
arrange
0-1-1

Dive into Spot-Quoted futures

Craig Bewick, Sr. Director of Retail Education, breaks down key features of Spot-Quoted futures, how they compare to Micro and E-mini-sized contracts and examples of how to trade them.
style
destination, blue1-background
layout
15-85
arrange
0-2
accountID
49919183001
videoID
6372716855112
playlistId
playlistLocation
H
aspectRatio
16:9
cc
language
defaultPlaylistPoster
accountID
49919183001
videoID
6374627590112
playlistId
playlistLocation
H
aspectRatio
16:9
cc
language
defaultPlaylistPoster
style
destination, blue1-background
layout
15-50-50
arrange
0-1-1
https://www.cmegroup.com/content/dam/cmegroup/markets/images/sqf-webinar-promo-1600x300.png

Webinar: Trade like an expert

Craig Bewick, Senior Director of Retail Education, and Jim Iuorio of TJM Institutional Services discuss key futures concepts, analyze recent market price action and opportunities, and present potential SQF use cases and trading examples.

Watch now [secondary]

style
destination, blue1-background
layout
15-85
arrange
0-1

Spot-Quoted futures product data

View historical data on key components of Spot-Quoted futures.
style
destination, gray6-background,
layout
15-85
arrange
0-3

SQF pricing calculator

SQFs trade at the spot price, but settle daily with the financing component added. Use the calculator to project the financing adjustment to your position and understand the potential impact to your PnL.
Traded Spot Price + Total Financing Adjustment = SQF Cleared Price [blue4]
url
https://cmegroup-tools.quikstrike.net/User/QuikStrikeTools.aspx?tmpl=ToolView&viewitemid=SpotQuotedFutures
title
CME Form
height
255px

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.

style
destination, pricing-calc, gray6-background
layout
15-85
arrange
0-5
style column 2
white-background, padding-l

Courses to help build your knowledge

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

Explore more courses

accountID
49919183001
videoID
6370895915112
playlistId
playlistLocation
H
aspectRatio
16:9
cc
language
defaultPlaylistPoster
style
destination, white-background
layout
15-85-15-50-50
arrange
0-1-0-2-1