Contract Specifications for E-Mini S&P 500 Futures (ES)
|EXCHANGE||Chicago Mercantile Exchange (CME)|
|CONTRACT SIZE||$50 x E-mini S&P 500 futures price|
|PRICING UNIT||U.S Dollars|
|TICK SIZE (Minimum Fluctuation)||OUTRIGHT 0.25 index points=$12.50
CALENDAR SPREAD 0.05 index points=$2.50
|CONTRACT MONTHS||Five months in the March Quarterly Cycle (mar, Jun, Sep, Dec)|
|TRADING HOURS||CME Globex (ETH)
MON-THURS: 5:00 a.m. – 3:15 p.m. & 3:30 p.m. – 4:30p.m.
(Daily Maintenance shutdown 4:30 p.m. – 5.00 p.m.)
SUN: 5:00 p.m. – 3:15 p.m.
|DAILY PRICE LIMIT||RTH: Successive 10%, 20%, 30% limits (downside only)
ETH (overnight): 5% up or down
|POSITION LIMIT||20,000 net long or short in all contract months combined|
|SETTLEMENT TYPE||Financial Settlement. All open positions at close of last day of trading are settled in cash to the Special Opening Quotation (SOQ) on Friday a.m. of the S&P 500 Index.|
|LAST TRADE DATE||CME Globex:
Trading can occur up to 8:30 a.m. on the 3rd Friday of the contract month
|EXCHANGE RULES||These contracts are listed with, and subject to, the Rules and Regulations of CME.|
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