The E-Mini S&P500 compared to the existence of many other E-mini contracts and designated by the commodity ticker symbol ES, is a stock index market futures contract traded on the Chicago Mercantile Exchange on the Globex electronic trading platform The conceptual value of one contract is $50 times the value of the S&P 500 stock index.
The E-Mini S&P was introduced by the Chicago board of mercantile Exchange on September 9, 1997, after the value of the existing S&P contract, then valued at $500 times the index, or over $500,000 at the time became too large for many small traders. The E-Mini quickly became the most popular equity index futures contract in the world.
The Emini-NQ is the second most liquid traded contract, the E-mini NASDAQ-100 contract is one fifth of the original NASDAQ-100 index based contract
The current average daily implied volume for the E-mini is over $100 billion in comparison to the traded dollar volume of the underlying 500 stocks
The E-Mini contract trades 24 hours per day from 6:00 pm Sunday – 5:15 pm Friday New York time/EST.
Holiday Calendar Learn More
US Holiday Market Closed
|MLK, Jr.||12-22 Jan 2019|
|Presid Day||15-19 Feb 2019|
|Good Friday||18-22 Apr 2019|
|Mem Day||24-28 May 2019|
|Indepen Day||3-5 July 2019|
|Labor Day||30 Aug 3 Sept 2019|
|ThanksGiving||27-29 Nov 2019|
|Christmas||24-26 Dec 2019|
|New Year’s||31 Dec 19 – 2 Jan 20|
** Note: This schedule is subject to change. Trading hours are usually finalized approximately two weeks prior to the holiday.
Chicago board of mercantile exchange
The Chicago Mercantile Exchange (CME) or the Merc is a financial and commodity derivative exchange based in Chicago .
The (CME) trades several types of financial instruments: interest rates, equities, currencies, and commodities. It also offers trading in alternative investments, such as weather and real estate derivatives.
Read More about the CME
Globex electronic trading platform
Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, news feeds and account management functions.
The E-mini S&P 500 and E-mini NQ are the most liquid E-mini contracts traded
Learn more about the E-mini S&P and the E-mini NQ
Chicago Board of Exchange
The Chicago board of exchange is the largest US Options exchange which offers options on companies stock indices and ETFS
Learn more about CBOE
SPX Options trading on the CME
Learn More about SPX Options
Learn how to Utilize Limit and Stop Orders