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Contract Specifications for CME S&P 500 Futures (SP)

EXCHANGE Chicago Mercantile Exchange (CME)
PRODUCT CODE CME Globex: SP
CME ClearPort: SP
Open Outcry: SP
Clearing: SP
CONTRACT UNIT $250 x S&P 500 Index
MINIMUM PRICE FLUCTUATION Outright:
0.10 index points=$25

Calendar Spread:
0.05 index points=$12.50

LISTED CONTRACTS Open Outcry:
Eight months in the March Quarterly Cycle (Mar, Jun, Sep, Dec) plus three additional Dec contracts

CME Globex (Electronic Platform):
One month in the March Quarterly Cycle (Mar, Jun, Sep, Dec)

TRADING HOURS CME Globex:
Sunday – Friday: 6:00 pm – 5:00 pm New York Time/ET (5:00 pm – 4:00 pm Chicago Time/CT). Trading halt Monday – Friday 9:15 am – 4:30 pm New York Time/ET (8:15 am – 3:30 pm Chicago Time/CT). Monday – Thursday 5:00 pm – 6:00 pm New York Time/ET (4:00 pm – 5:00 pm Chicago Time/CT) daily maintenance period.

Open Outcry:
MON – FRI: 8:30 am – 3:15 pm

CME ClearPort:
Sunday – Friday: 6:00 pm – 5:00 pm New York time/ET (5:00 pm – 4:00 pm Chicago Time/CT). Monday – Thursday 5:00 pm – 6:00 pm New York Time/ET (4:00 pm – 5:00 pm Chicago Time/CT) daily maintenance period.

PRICE LIMIT OR CIRCUIT Price Limits
SETTLEMENT METHOD Financial Settled
SETTLEMENT PROCEDURES S&P Settlement Procedures
POSITION LIMITS CME Position Limits
TERMINATION OF TRADING Open Outcry:
3:15 pm on Thursday prior to 3rd Friday of the contract month.

CME Globex (Electronic Platform:
On the rollover date (typcially eight days prior to last trade date for open outcry) when the lead month goes off the screen and the deferred month becomes the new lead month. View Rollover Dates

EXCHANGE RULEBOOK CME 351
VENDOR CODES Quote Vendor Symbols Listing

This page was last updated: November 05, 2015

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