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E-mini S&P 500 Futures Contract Specs

Contract Unit $50 x S&P 500 Index
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with  trading halt 4:15 p.m. - 4:30 p.m.

BTIC: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET

Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET
Minimum Price Fluctuation Outright: 0.25 index points=$12.50
Calendar Spread: 0.05 index points=$2.50
BTIC: 0.05 index points=$2.50
Product Code CME Globex: ES
CME ClearPort: ES
Clearing: ES
Listed Contracts Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Settlement Method Financially Settled
Termination Of Trading Trading can occur up to 9:30 a.m. Eastern Time (ET) on the 3rd Friday of the contract month

BTIC trading terminates at 4:00 p.m. Eastern Time (ET) on the Thursday before the 3rd Friday of contract month
Settlement Procedures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 358
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing

About E-mini S&P 500

An electronically traded futures contract one fifth the size of standard S&P futures, E-mini S&P 500 futures and options are based on the underlying Standard & Poor’s 500 stock index. Made up of 500 individual stocks representing the market capitalizations of large companies, the S&P 500 Index is a leading indicator of large-cap U.S. equities. 

*Settlement prices for the E-mini S&P 500 may differ slightly from the "true" settlement price displayed on CME's Daily Bulletin.

  • These slight variances in settlements are the result of rounding due to differences in the minimum tick sizes between the E-mini contracts and the full-sized contracts.
  • Additionally, the settlement price displayed on the Daily Bulletin matches that of the full-sized contracts for purposes of marking-to-market, as the contracts are fungible, on a 5:1 basis. Example: E-mini S&P 500 futures contracts are traded in .25 increments and the full-sized S&P 500 contracts in .10 increments.

Welcome to E-mini S&P 500 Futures

Whether you are a new trader looking to get started in futures, or an experienced trader looking to expand your exposure to the U.S. stock market, E-mini S&P 500 futures provide you with the opportunity you need.

Discover E-mini S&P 500 futures