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

- 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.
- Spread Trading Sector Index Futures Learn about using Select Sector futures for spread trading in different market sectors.

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CME Group is the world's leading and most diverse 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.