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The E-mini^TM S&P 500® futures and options on futures from Chicago Mercantile Exchange® are small, but powerful contracts for the individual investor. E-mini S&P 500 futures contracts are based on the same leading S&P 500 index as the most actively traded stock index contract in the world – S&P 500 futures – but are a fraction of the size. The E-mini enables you to participate in and profit from the benchmark index tracked by pension and mutual funds around the country.

Emini Brochures:

2004 Equity Information Guide (PDF)
E-mini Brochure (PDF)

Contract Specifications

Contract Size

$50 Five ($50.00) times Standard & Poor's 500 Stock Index.

Final Settlement Day

The third Friday of the contract month.

Settlement

Cash settlement on the final settlement day. The final settlement price is $50 times a Special Opening quotation of the index.

Tick Size

Minimum price fluctuation is one quarter point ($12.50 per contract).

Price Quote

One point (1) equals $50.00 per contract.

Contract Months

Mar, Jun, Sep, Dec Four months listed at all times.

Last Trading Day

The trading day preceding the final settlement day.

Trading Hours

Mon/Thurs 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m.; Shutdown period from 4:30 p.m. to 5:00 p.m. nightly; Sun & Hol 5:00 p.m.-3:15 p.m. Month end(3:15 p.m.) LTD(8:30 a.m.)^^^^^ (AON FLOOR ONLY! 8:30 a.m.-3:15 p.m.)

Ticker Symbols

Electronic: ES

Daily Price Limit

Price limit corresponding to a 5% INCREASE or DECREASE from the Prior Settlement Price

Position Limits

250 contracts.

Margin Information

Find information on margins requirements for the mini-sized SP Futures $50 multiplier.