E-Mini S&P 500

E-mini S&P 500 futures offered by the Chicago Mercantile Exchange, are small but powerful contracts made available to and focused toward the individual investor. E-mini S&P 500 contracts are based on the same leading S&P 500 index, but are a fraction of the size. With E-mini's, you know have the potential to participate in and profit from the benchmark index tracked around the country. Remember, the risk of loss exists with all futures trading, which includes e-mini futures as well. Only risk capital should be invested.

Brochures

2005 Equity Information Guide (PDF)
E-mini Brochure (PDF)

Contract Specs

Trade Unit	$50 times the Standard & Poor's 500 Stock Index
Point Descriptions	1 point = .01 index points =$.50
Contract Listing	Two months in the March Quarterly Cycle.
Strike Price Interval	N/A
Product Code	Clearing=ES
	Ticker=ES
	AON=EG
	(250 Threshold)

Trading Venue: GLOBEX®

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.)
Listed	Two months in the March Quarterly cycle.
Strike	N/A
Limits	Price limit corresponding to a 5% INCREASE or DECREASE from the Prior Settlement Price. (AON FLOOR ONLY! See Equity limits)
Minimum Fluctuation	Regular 0.25=$12.50
Calendar Spread	0.05=$2.50

Listed E-mini S&P 500 Futures Contracts

Months Traded	H, M, U, Z Month Key Code
Eligible Months	2
Currently Listed	2
Last Day of Trading Rule	The business day of determination of the Final Settlement Price (normally, the 3rd Friday of the contract month).
New Contract Listing Rule	The day the front month expires.
Special Notes	Trades on GLOBEX Only
CME Rule Book Chapter	358
Settlement Type	Cash Settled

Trading futures and options involves substantial risk of loss and is not suitable for all investors.