| Name |
E-mini S&P 500 Index Futures |
| Product Symbol |
ES |
| Exchange |
CME Globex |
| Margins |
| |
Initial |
Maintenance |
Spread |
| Overnight |
$6,188 |
$4,950 |
$38 |
| Intra-Day |
$750 |
$750 |
$38 |
|
| Exchange Fees |
| |
Per Side |
Round-Turn |
| Non-Member |
$1.14 |
$2.28 |
|
| Trade Unit |
$50 times the Standard & Poor's 500 Stock Index |
| Point Descriptions |
1 point = .01 index points =$.50 |
| Minimum Fluctuation |
| Futures |
|
|
| Regular |
0.25=$12.50 |
|
| Calendar Spread |
0.05=$2.50 |
|
|
| Options |
|
|
| Regular |
0.25=$12.50 |
|
| Cab |
0.05=$2.50 |
|
| Special "Half Tick" |
0.05=$2.50 for premium < or =5.00 |
|
|
| Months |
Futures
Five months in the March Quarterly Cycle. Mar, Jun, Sep, Dec. |
Options
Four months in the March Quarterly Cycle, plus first two serial cycle months. Mar, Apr, May, Jun. |
| Trading Session |
Futures
| |
Chicago (CST) |
London (GMT) |
| Pit |
N/A |
N/A |
| Electronic |
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.) |
Mon/Thurs
11:00 p.m.-9:15 p.m. & 9:30 p.m.-10:30 p.m.;
Shutdown period from 10:30 p.m. to 11:00 p.m. nightly;
Sun & Hol
11:00 p.m.-9:15 p.m. Month end(9:15 p.m.) |
|
Options
| |
Chicago (CST) |
London (GMT) |
| Pit |
N/A |
N/A |
| Electronic |
Mon/Thurs
3:30 p.m.-3:15 p.m;
Shutdown period from 4:30 p.m.-5:00 p.m. nightly;
Sun & Hol
5:00 p.m.-3:15 p.m. |
Mon/Thurs
9:30 p.m.-9:15 p.m;
Shutdown period from 10:30 p.m.-11:00 p.m. nightly;
Sun & Hol
11:00 p.m.-9:15 p.m. |
|
