Select Sector Index Futures
Read TCA PaperCapture Select Sector exposure in futures form with E-mini S&P Select Sector futures - liquid, cost-effective and capital-efficient products that track the same underlying indices as the most popular ETFs.
Low cost
Low tracking error, zero management fees and actionable SOQ settlement at expiration. Read our Total Cost Analysis whitepaper to learn more.
Capital efficiency
- 4.13% average initial margin, 20x leverage
- Up to 80% margin offset with S&P 500 futures
Short sector exposure
Short sector exposure without the constraint of security-based or single-stock-based short sale regulations
Multiple product applications
Market participants turn to Sector futures for spreading, sector rotation, portfolio overlays and cash equitization opportunities
UCITS eligibility and tax treatment
- UCITS eligible
- Several Select Sector futures may be exempt from IRS Rule 871(m)*
- Section 1256 contracts with 60/40 U.S. tax treatment
*Please consult your tax advisor and/or FCM for more information.
CME E-mini S&P Select Sector futures have seen volume growth and increased customer interest in recent quarters. With volatility being a key theme, read our article on Sector Investing to learn more about opportunities for granular risk management.
The distribution of open interest in E-mini S&P 500 Select Sector futures of $5.6B as of April 30, 2020, is well spread amongst the 11 contracts, indicating client activity and demand across all sectors.
All market data contained within the CME Group website should be considered as a reference only and should not be used as validation against, nor as a complement to, real-time market data feeds.
| Product | Code | Contract | Last | Change | Chart | Open | High | Low | Globex Vol |
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Block Trades
Block Trades are privately negotiated futures, options or combination transactions that are permitted to be executed apart from the auction market.
EFPs
Exchange for Physical (EFP) block trades allow market participants to sell stock and buy it back for future delivery by buying a Single Stock Future (SSF), or by buying the stock and selling the SSF.
BTIC Block Trades
Basis Trade at Index Close (BTIC) block trades enable market participants to execute a transaction as a basis trade relative to the official close for the underlying index.
Derived Block Trades
A derived block is a block trade in which the price and quantity of the trade depends on hedging transactions in an eligible related market, available starting May 23*
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- Achieving Social Mandates with CME Equity Index Futures Learn how trading a combination of E-mini S&P 500 index futures can synthesize investment strategies that restrict exposure to the energy sector.
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- Spread Trading Sector Index Futures Learn about using Select Sector futures for spread trading in different market sectors.
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- Sector Investing Read how CME Group's suite of Select Sector futures can provide effective risk management and help identify opportunities beneath the benchmark levels.
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