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: SP
CME ClearPort: SP
Open Outcry: SP
Clearing: 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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