E-mini S&P Select Sector Futures

Select Sector Index Futures

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Capture 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.

Key Benefits

  • Capital efficiency:
    • 4.13% average initial margin, 20x leverage
    • Up to 80% margin offset with S&P 500 futures
    • Section 1256 contracts with 60/40 U.S. tax treatment
  • Flexible execution – central limit order book via CME Globex, block trades, Basis Trade at Index Close (BTIC) block trades and Exchange for Physical (EFP) trades
  • Low cost, low tracking error, zero management fees and actionable SOQ settlement at expiration
  • Product applications that include spreading, sector rotation, portfolio overlays and cash equitization

Ways to Trade Select Sectors

Watch a video looking at different ways to trade Select Sector futures, through the CLOB, BTIC, Block Trades and EFP, as well as how these strategies provide liquidity to the market. 

New developments on Select Sector futures

CME Group will be expanding our suite of E-mini S&P Select Sector futures with the addition of a new Communication Services Select Sector futures contract on September 10.

CME Group’s addition of Communication Services Select Sector futures precedes S&P Dow Jones Indices and MSCI’s planned revision of its Global Industry Classification Standard (GICS®) sectors of information technology, consumer discretionary and telecommunications on Sept. 21, 2018.

Beginning on September 10, 2018 through trade date September 28, 2018, CME will provide fee waivers to all market participants for BTIC transactions (block and Globex) of E-mini S&P Communication Services Select Sector futures.

View Frequently Asked Questions (FAQs)

View Special Executive Report (SER)

View CME Globex Notice

More information on the Communication Services Select Sector Spinoff

E-mini S&P Select Sector Futures Products

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

Flexible Execution, Greater Liquidity Access

Block Trades

Block Trades are privately negotiated futures, options or combination transactions that are permitted to be executed apart from the auction market.

About Block Trades

Block and BTIC Liquidity Providers

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.

About EFPs

Generally acceptable related position instruments

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.

Basis Trade at Index Close (BTIC) Overview

Product Applications

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