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CME S&P 500 Futures


CME E-mini S&P 500 Futures

CONTRACT SPECIFICATIONS

  CME E-mini S&P 500 Futures
Contract Unit $50 × S&P 500 Index
Price Quotation U.S. dollars and cents per index point
Trading Hours

CME Globex:
Sunday 6:00 p.m. – Friday 5:00 p.m. ET (5:00 p.m. – 4:00 p.m. CT) with a daily maintenance period from 5:00 p.m. – 6:00 p.m. ET (4:00 p.m. – 5:00 p.m. CT)

TACO: Sunday – Friday 6:00 p.m. – 9:30 a.m. ET. Monday – Friday 11:00 a.m. – 5:00 p.m. ET with a daily maintenance period 5:00 p.m. – 6:00 p.m. ET
BTIC: Sunday – Friday 6:00 p.m. – 4:00 p.m. ET
TMAC: Sunday – Friday 6:00 p.m. – 4:00 p.m. ET

CME ClearPort:
Sunday 6:00 p.m. – Friday 6:45 p.m. ET (Sun 5:00 – Fri 5:45 p.m. CT) with no reporting Monday – Thursday 6:45 p.m. – 7:00 p.m. ET (5:45 p.m. – 6:00 p.m. CT)

TACO: Sunday 6:00 p.m. – Monday 9:30 a.m. ET. Monday – Thursday 11:00 a.m. – 5:00 p.m. ET and 6:00 p.m. – 9:30 a.m. ET
BTIC: Sunday – Friday 6:00 p.m. – 4:00 p.m. ET. BTICs for the following trading day can be submitted after 7:00 p.m. ET (6:00 p.m. CT)
TMAC: Sunday – Friday 6:00 p.m. – 4:00 p.m. ET. TMACs for the following trading day can be submitted after 7:00 p.m. ET (6:00 p.m. CT)

Minimum Price Fluctuation

Outright:
0.25 index points = $12.50
TACO: 0.05 index points = $2.50
BTIC: 0.05 index points = $2.50
TMAC: 0.05 index points = $2.50
Zero or ±20 ticks (4 futures ticks) around the Market at Close price of the outright

Calendar Spread:
0.05 index points = $2.50

Product Code CME Globex: ES
CME ClearPort: ES
Clearing: ES
BTIC: EST
TACO: ESQ
TMAC: ESX
Listed Contracts

Quarterly contracts (Mar, Jun, Sep, Dec) listed for 21 consecutive quarters

BTIC & TACO: Eligible in all listed contract months

TMAC: Eligible in the contract month nearest to expiry. The next quarterly TMAC is eligible for trading on Sunday of the week of the prior contract month’s expiration.

Settlement Method Financially Settled
Termination of Trading

Trading terminates at 9:30 a.m. ET on the 3rd Friday of the contract month.

TACO trading terminates at 9:30 a.m. ET on the Thursday before the 3rd Friday of the contract month.

BTIC trading terminates at 4:00 p.m. ET on the Thursday before the 3rd Friday of the contract month.

TMAC trading terminates at 4:00 p.m. ET on the Thursday before the 3rd Friday of the contract month.

TAM or TAS Rules Trade Marker at Close (TMAC) is subject to the requirements of Rule 524.D. TMAC trades off a “Base Price” of zero to create a differential versus the daily Marker at Close price on the underlying futures contract month. The TMAC clearing price equals the daily Market at Close price of the underlying futures contract month plus or minus the TMAC transaction price.
Settlement Procedures Settlement Procedures
Position Limits Position Limits
Exchange Rulebook CME 358
Block Minimum Block Table
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols

 



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