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E-mini S&P 500 Futures

E-Mini S&P 500 - Get the latest E-mini S&P 500 Futures Prices, historical charts. Latest E-mini S&P 500 Futures News & futures contract specifications.



E-mini S&P 500 Futures

Current E-mini S&P 500 Futures | Futures Prices

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  • Trading in E-minis has been growing in popularity for some time, mainly due to its reduced size being about one fifth the sizes of the standard S&P 500 futures contracts. This provides better affordability for the individual trader, liquidity and the ability to trade around the clock, about 23.25 hours a day from Monday to Friday. Each of these contracts, track the S&P 500 index.

    The E-mini contracts were created in 1997 to bring private investors to index futures trading. As a result of the E-mini's reduced structure, both non-professional and professional traders have become some of its biggest supporters. Some of the advantages of the E-mini are; the ability to buy or sell with no uptick rule, high volatility and leverage, lesser brokerage commissions, and lower tax rates and reporting requirements for US traders. These benefits make E-mini futures contracts an almost perfect trading vehicle.
     
    As the success of the E-mini has grown many exchanges have decided to launch other E-mini futures contracts that cover many US commodities. In 2009 the E-mini overtook the large S&P 500 to become the larger portion of the equity index futures market. The trading of the E-mini occurs as a day trade as well as an after hour trading period extending to the beginning of the opening of the day trading timetable. The marginal investments for both trading periods differ from each other with the afterhours trading period possessing the greater margin.

    As an electronically traded futures contract, the E-mini futures are not backed by stocks. Therefore an investor does not get the dividends on the underlying index, instead, is backed by a counter-party who takes an opposite position on the contract. As a futures contract on the S&P 500 traded on the CME's Globex platform, the E-mini is an avenue to invest in the S&P 500. This smaller version of the S&P 500 has enabled more participation in the stock index futures market.

    What vehicle an investor decides to trade with is an important personal decision; however trading in the E-mini allows an investor the best possible position. As with any investment, trading E-mini futures contracts poses the risk of loss amplified by the higher leverage. With only a small percentage of the contract cost there is created a higher percentage of loss as well as higher returns in trading futures. Working with a professional broker is important in determining investment needs for the best possible trading results.

    Cannon Trading's professional brokers work together to achieve a client's personal trading goals. Developing long term relationships with clients is vital in achieving growth and improvement together. In an impersonal financial world, having a good relationship with a high quality broker can make all the difference. With Cannon Trading's Broker-assisted Trading solutions, new traders can obtain the tools and resources needed to obtain success within the market.

    Cannon Trading is one of the leading commodity trading brokerage firms in the industry. Having been in business since 1988, Cannon Trading has excelled in being recognized as a leader in customer service and achieving client aspirations.

    Our professional commodities brokers will work with you to understand your specific trading style and requirements, and provide you the essential advice and information you need to thrive in this highly lucrative market.

    Contact us today to learn more about commodities trading, as well as information on options prices and contracts.

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Latest E-mini S&P 500 Futures News

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E-mini S&P 500 Futures Prices — Historical Chart

Chart of E-mini S&P 500 Futures futures updated June 9th, 2016. Click the chart to enlarge. Press ESC to close.

E-mini S&P 500 Futures Trading Chart updated June 9th, 2016

Disclaimer: This material is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

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E-mini S&P 500 Futures Contract Specifications


Contract Specification E-mini S&P 500 Futures
CME Globex Product Symbol (Electronic Trading) ES
Contract Size Each E-Mini Standard and Poor's 500 Stock Price Index futures contract shall be valued at $50.00 times the Standard and Poor's 500 Stock Price Index. The Standard and Poor's Stock Price Index is a value-weighted composite index of 500 stocks.
Venue CME Globex
CME Globex Hours MON-THURS: 5:00 p.m.-3:15 p.m. & 3:30 p.m.-4:30 p.m. (Daily maintenance shutdown 4:30 p.m.-5:00 p.m.) SUN: 5:00 p.m.-3:15 p.m.
Minimum Fluctuation Bids and offers shall be quoted in terms of the Standard and Poor's 500 Stock Price Index. The minimum fluctuation of the futures contract shall be .25 index points, equivalent to $12.50 per contract. Trades may also occur in multiples of .05 index points, for E-Mini S&P 500 futures calendar spreads executed as simultaneous transactions pursuant to Rule 542.A.
Position Limits A person shall not own or control more than 20,000 Standard and Poor’s 500 Stock Price Index contracts or equivalent contracts net long or net short in all contract months combined. For purposes of this rule an E-Mini Standard and Poor’s 500 Stock Price Index futures contract shall be deemed to be equivalent to one-fifth (0.20) of a Standard and Poor’s 500 Stock Price Index futures contract. For positions involving options on E-Mini Standard and Poor’s 500 Stock Price Index futures, this rule is superseded by the option speculative position limit rule.
Accumulation of Positions For the purposes of this rule, the positions of all accounts directly or indirectly owned or controlled by a person or persons, and the positions of all accounts of a person or persons acting pursuant to an expressed or implied agreement or understanding, and the positions of all accounts in which a person or persons have a proprietary or beneficial interest, shall be cumulated.
Price Limits

For purposes of rules determining price limits and trading halts, RTH and ETH refer to, respectively, the Regular Trading Hours and the Electronic Trading Hours of the Standard and Poor’s 500 Stock Price Index Futures.

At the open of RTH, there shall be Price Limits corresponding to a 10.0%, 20.0% and 30.0% decline below the Reference RTH Price.

The Price Limits shall be calculated at the beginning of each calendar quarter, based upon the average closing price of the S&P 500 futures contract whose expiration date matches that of the current primary E-Mini futures contract, during the month prior to the beginning of the quarter (P) and rounded, as follows.

5.0% Price Limit equals One half of the 10% Price Limit rounded down to nearest integral multiple of 1 index point

10.0% Price Limit equals 10% of P rounded down to nearest integral multiple of 10 index points

20.0% Price Limit equals 2 times the 10.0% Price Limit

30.0% Price Limit equals 3 times the 10.0% Price Limit

When the primary futures contract is limit offered at the 10.0% Price Limit, a 10-minute period shall commence. If the primary futures contract is limit offered at the end of the 10-minute period, trading shall terminate for a period of two minutes, after which time the market shall reopen. The next applicable price Limit shall apply to such reopening.

When the primary futures contract is limit offered at the 20.0% Price Limit, a 10-minute period shall commence. If the primary futures contract is limit offered at the end of the 10-minute period, trading shall terminate for a period of two minutes, after which time the market shall reopen. The 30% Price Limit shall apply to such reopening and shall represent the Total Daily Price Limit.2

Trading Halt

If there is an NYSE Rule 80B trading halt declared in the primary securities market, trading shall be halted. Once trading in the primary securities market resumes after an NYSE Rule 80B trading halt, trading on the E–Mini S&P 500 Index futures contract shall resume.

If an NYSE Rule 80B trading halt becomes inapplicable, the corresponding Price Limit shall likewise become inapplicable. E.g., if an NYSE Rule 80B trading halt, triggered by a 10% or a 20% decline in the Dow Jones Industrial Average, has been declared in the primary securities market, and trading in the primary securities market has recommenced, then the 10.0% or 20.0% Price Limits shall become inapplicable, respectively. E.g., when the NYSE Rule 80B 10.0% price limit provisions are suspended after 2:30 p.m. Eastern time, then the 10.0% Price Limit shall become inapplicable. Trading on the E-Mini S&P 500 Index futures contract shall continue and the next applicable Price Limit shall apply.

Opening Time

If either a trading halt was in effect or the primary futures contract was locked at a limit at the close of trading, then the opening time of trading on GLOBEX® shall be delayed until 6:00 p.m.

During Electronic Trading Hours (ETH), there shall be no trading of E-Mini S&P 500 futures at a price more than the 5.0% Price Limit above or below the Reference RTH Price. If the market is limit bid or limit offered fifteen (15) minutes prior to the opening of the RTH, and remains limit bid or limit offered five (5) minutes prior to the opening of the RTH, there shall be a trading halt in effect until the commencement of Regular Trading hours (RTH). During the trading halt, the Exchange shall provide an indicative opening price for the re-opening of trading on GLOBEX, if applicable, pursuant to Rule 573. Once RTH commences, the next applicable trading limit shall be in effect.

Listed Contracts

Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)

Settlement Type Cash
Final Settlement Price

The Final Settlement Price shall be a special quotation of the Standard & Poor's 500 Stock Price Index based on the opening prices of the component stocks in the index, determined on the third Friday of the contract month.

If the Standard & Poor's 500 Stock Price Index is not scheduled to be published on the third Friday of the contract month, the Final Settlement Price shall be determined on the first earlier day for which the Index is scheduled to be published.

If the primary market for a component stock in the index does not open on the day scheduled for determination of the Final Settlement Price, then the price of that stock shall be determined, for the purposes of calculating the Final Settlement Price, based on the opening price of that stock on the next day that its primary market is open for trading.

If a component stock in the index does not trade on the day scheduled for determination of the Final Settlement Price while the primary market for that stock is open for trading, the price of that stock shall be determined, for the purposes of calculating the Final Settlement Price, based on the last sale price of that stock. However, if the President of the Exchange or his delegate determines that there is a reasonable likelihood that trading in the stock shall occur shortly, the President or his delegate may instruct that the price of stock shall be based, for the purposes of calculating the Final Settlement Price, on the opening price of the stock on the next day that it is traded on its primary market. Factors to be considered in determining whether trading in the stock is likely to occur shortly shall include the nature of the event and recent liquidity levels in the affected stock.

Final Settlement

Clearing members holding open positions in E-Mini Standard and Poor's 500 Stock Price Index futures contracts at the time of termination of trading in that contract shall make payment to or receive payment from the Clearing House in accordance with normal variation performance bond procedures based on a settlement price equal to the final settlement price.

Rulebook Chapter 358
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.

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