S&P 500 FUTURES - CONTRACT SPECS
| Contract Unit | $250 x S&P 500 Index | ||||
| Price Quotation | U.S. dollars and cents per index point | ||||
| Trading Hours | CME Globex: | Sunday - Friday: 6:00 p.m. - 5:00 p.m. ET with a trading halt 9:15 a.m. - 4:30 p.m. | CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | Open Outcry: | Monday - Friday: 9:30 a.m. - 4:15 p.m. ET |
| Minimum Price Fluctuation | Outright: | 0.10 index points = $25 | |||
| CALENDAR SPREAD | 0.05 index points = $12.50 | ||||
| Product Code | CME Globex: SPCME ClearPort: SPOpen Outcry: SPClearing: SP | ||||
| Listed Contracts | CME Globex: | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 1 quarter | |||
| CME ClearPort and Open Outcry: | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 8 consecutive quarters and 3 additional Dec contract months | ||||
| Settlement Method | Financially Settled | ||||
| Termination Of Trading | CME Globex: | Trading terminates at 9:15 a.m. ET on Thursday prior to 3rd Friday of the contract month. | |||
| Open Outcry: | Trading terminates at 4:15 p.m. ET on Thursday prior to 3rd Friday of the contract month. | ||||
| CME ClearPort: | Reporting terminates at 5:45 p.m. CT on Thursday prior to 3rd Friday of the contract month. | ||||
| Settlement Procedures | Settlement Procedures | ||||
| Position Limits | CME Position Limits | ||||
| Exchange Rulebook | CME 351 | ||||
| Block Minimum | Block Table | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
About S&P 500 Futures and Options
S&P 500 futures and options offer a capital-efficient means to manage exposure to the leading large –cap companies of the U.S. stock market. Based on the underlying Standard & Poor’s 500 stock index, which is 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.
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