The S&P 500 is one of the widely recognized indices and its futures contract and corresponding electronic mini contract remain among the most popular on a global scale. As inferred by its name, this index of 500 of the largest companies in the US includes recognizable names like AT&T and Chevron and may be widely regarded as an indicator for equities markets. While exploring the overall S&P 500, specifications will refer to the futures contract traded on the CME.
Contract Size: $250 x index price
Price Quote & Tick Size: Minimum fluctuation is 0.10 index points or $25
Contract Months: March, June, September, December
Trading Specs: Trades open outcry and Globex (electronic) per the following schedule:
Electronic: Mon -Thurs: 3:30 p.m.-8:15 a.m. (daily maintenance shutdown from 4:30 p.m.-5:00 p.m.) Sun: 5:00 p.m.-8:15 a.m. Central Time
Open Auction: Mon-Fri: 8:30 a.m. -3:15 p.m. Central Time
Daily Price Limit: RTH: Successive 10%, 20%, 30% limits (downside only)
ETH (overnight): 5% up or down
Please consult exchange for additional details on limits.
Trading Symbols: SP