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Futures Contract Specifications

The S&P 500 contract specifications tell you how the S&P 500 futures trade, not how to trade to S&P 500 futures. Before you consider opening a currency futures account, you should consult with a licensed currencies broker.

Trade Unit$250 times the Standard & Poor's 500 Stock Price Index
Point Descriptions1 point = .01 index points = $2.50
Contract ListingEight months in the March quarterly cycle. Mar, Jun, Sep, Dec.
Strike Price IntervalN/A
Product CodeClearing=SP
Ticker=SP
Trading Venue: Floor
Hours8:30 a.m.-3:15 p.m. Month end(3:15 p.m.) LTD(3:15 p.m.)
ListedThe percentage price limits are calculated at the beginning of each calendar quarter. Trading halts are coordinated with trading halts in the primary securities markets.
StrikeN/A
LimitsPrice Limits corresponding to a 5.0%, 10.0%, 15.0% and 20.0% decline below the Settlement Price of the preceding RTH session.
Minimum FluctuationRegular0.10=$25.00
Calendar Spread0.05=$12.50
Trading Venue: CME® Globex®
HoursMon/Thurs 5:00 p.m.-8:15 a.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.-8:15 a.m.
ListedThe Lead month in the Quarterly cycle.
StrikeN/A
LimitsPrice limit corresponding to a 5% INCREASE or DECREASE from the Prior Settlement Price.
Minimum FluctuationRegular0.10=$25.00

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