The E-mini and the standard-sized contracts are based on the same S&P 500 index.
E-mini S&P 500 Index Futures contracts expire at the same time and to the same price as their larger counterpart contracts. For quarterly futures contracts, trading can occur up to 8:30 a.m., Chicago time, on the third Friday of the month.
Calendar spread orders for E-minis of any quantity may be accepted for entry on CME Globex.
Yes. CME Group updated the electronic equity options functionality available on CME Globex to enable trading of standard listed and user-defined spreads (including covered) for E-mini options. Check with your CME Globex access provider to see if they offer this functionality on your trading platform of choice. This functionality is also available through CME EOS Trader.
E-mini FLEX options are not currently available.
Yes. The daily settlement prices for the E-mini futures contracts are the same as the settlement prices for the corresponding contracts months of the regular-size contracts. Accordingly, a customer who has a long position of five E-mini futures contracts and a short position of one regular-sized futures contract in the same contract month is perfectly hedged.
Yes. With the customer's consent, a clearing member may offset and liquidate E-mini futures positions against offsetting standard-sized futures positions held in the same account in a 5:1 ratio of E-mini to regular-sized futures contracts. The positions shall be offset at the previous day's settlement price. The clearing member shall notify CME Clearing of offsetting positions by submitting reports to the clearing house through a special online entry screen designed for that purpose.
Please consult the CME Position Limits in the Position Limits section of the website for the latest information.
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