Contract Specifications
S&P500
The S&P 500 Stock Index has long been the benchmark by which professionals measure portfolio performance. The Standard & Poor's Corporation designed and maintains the S&P 500 to be an accurate proxy for a diversified equity portfolio. The Index is based on the stock prices of 500 large-capitalization companies. The S&P 500 is capitalization-weighted, representing the market value of all outstanding common shares of the firms listed (share price x shares outstanding). This means that a change in the price of any one stock influences the Index in proportion to the relative market value of that firm's outstanding shares. General Electric, Wal-Mart Stores, Coca Cola Co. and General Motors are just a few of the well-known names included in the S&P 500.
- Prices quoted in terms of Standard and Poor's 500 Stock Index
- 1 Point = .01 Index Points = $2.50 per Contract
- Ticker Symbol: SP
- Size: $250 times S&P 500 Stock Index
- Fluctuations: 0.10 = $25.00
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Trading Hours: Electronic: 3:30pm - 8:15am, Monday through Thursday
5:30pm - 8:15am, Sundays and Holidays
Trading Suspended between 4:30pm and 5:00pm nightly - Floor: 8:30am - 3:15pm, Monday through Friday
- Months Traded: F (January), H (March), M (June), U (September), Z (December)
- Last Day of Trading: The business day immediately before the day of the determination of the Final Settlement Price. (Normally, Thursday prior to 3rd Friday of the contract month)
Nasdaq 100
The Nasdaq-100 Index comprises 100 of the largest domestic, non-financial common stocks listed on The Nasdaq Stock Market. Created in 1985, this index is owned and maintained by The Nasdaq Stock Market. It's rebalanced annually to ensure that the index stays reflective of the largest and most active non-financial stocks traded on this market. This capitalization-weighted index has a 94% correlation to the Nasdaq Composite Index and includes such often-heard names as Microsoft, Apple, and Intel.
- Prices quoted in terms of Nasdaq-100 Index
- 1 Point = 0.01 Index Points = $1.00 Per Contract
- Ticker Symbol: ND
- Size: $100 times the Nasdaq-100 Index
- Fluctuations: 0.25 = $25.00
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Trading Hours: Electronic: 3:45 pm - 8:15 am, Monday through
Thursday
5:30 pm - 8:15 am Sundays and Holidays
Trading Suspended between 4:30 pm and 5:00 pm nightly - Floor: 8:30 am - 3:15 pm, Monday through Friday
- Months Traded: F (January), H (March), M (June), U (September), Z (December)
- Last Day of Trading: The business day immediately before the day of the determination of the Final Settlement Price. (Normally, Thursday prior to 3rd Friday of the contract month)
E-mini S&P 500
The E-mini S&P 500 futures and options on futures from Chicago Mercantile Exchange are small, but powerful contracts for the individual investor. These 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, one-fifth, 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.
- Prices quoted in terms of Standard and Poor's 500 Stock Index
- 1 Point = .01 Index Points = $0.50
- Ticker Symbol: ES
- Size: $50 times the S&P 500 Stock Index
- Fluctuations: 0.25 = $12.50
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Trading Hours: Electronic: 3:30 pm - 3:15 pm; Monday through
Thursday
5:30 pm - 3:15 pm Sundays and Holidays
Trading Suspended between 4:30 pm and 5:00 pm nightly - Floor: 8:30 am - 3:15 pm, Monday through Friday
- Months Traded: F (January), H (March), M (June), U (September), Z (December)
- Last Day of Trading: 8:30 am of Final Settlement Date
E-Mini Nasdaq-100
The U.S. economy is being transformed by exciting technological changes and advancements in science and industry. Many of the leading companies involved in this process are a part of the NASDAQ-100 Index. CME offers an E-mini version of the NASDAQ-100 futures at one-fifth the size of the original NASDAQ-100 futures, making these exciting contracts affordable for all investors.
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Prices quoted in terms of Nasdaq-100
- Index 1 Point = .01 Index Points = $0.20
- Ticker Symbol: NQ
- Size: $20 times the Nasdaq-100 Index
- Fluctuations: 0.25 = $5.00 (Changed from 0.5 on 3 April 2006)
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Trading Hours: Electronic: 3:30 pm - 3:15 pm, Mondays through
Thursday
5:30 pm - 3:15 pm Sundays and Holidays
Trading Suspended between 4:30 pm and 5:00 pm nightly - Floor: 8:30 am - 3:15 pm Monday through Friday
- Months Traded: F (January), H (March), M (June), U (September), Z (December)
- Last Day of Trading: 8:30 am of Final Settlement Date
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