mini S&P 500 (CES)
The S&P500contract is traded on the CME futures market.
Summary Contract Specifications
- Unit of trading : 50
- Contract size : EUR 50 x the level of the S&P500-index
- Delivery months : March, June, September and December
- Last trading day : third friday of the delivery month
- Quotation : In points (each full point = USD 50 per contract)
- Minimum price movement : 0,25 points (= USD 12,5 per contract)(tick size and value)
Trading example
- The S&P500-index at 1.131.
- The value of the S&P500 future is 1.131 x 50 $ = 56.550 $.
- Buy at 1.131 and sell at 1.140.
- The minimum price movement of 'tick' is 0,25 points.
- The tickvalue or 0,25 points is 12,5 $
When the S&P500-index goes from 1.131 to 1.140 or 9 points a profit of 9 x 50 = 450 $ is realized on the S&P500 future.
