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Contract Specifications for E-Mini S&P 500 Futures (ES)

EXCHANGE Chicago Mercantile Exchange (CME)
PRODUCT SYMBOL ES
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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