Spot-Quoted Futures

Equity Index and Crypto futures, now priced at spot.

Equity Index and Crypto* futures, now priced at spot.

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.

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.

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

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

Take advantage of opportunities in actively traded cryptocurrencies worldwide.

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

Spot-Quoted futures, explained

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

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.

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.

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.

Spot-Quoted futures product data

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

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

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.

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.

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.

© 2025 CME Group Inc. All rights reserved.