{"id":45281,"date":"2023-04-06T10:29:51","date_gmt":"2023-04-06T08:29:51","guid":{"rendered":"https:\/\/staging.captrader.com\/glossar\/sp-500-futures\/"},"modified":"2024-03-24T15:08:07","modified_gmt":"2024-03-24T14:08:07","slug":"sp-500-futures","status":"publish","type":"glossar","link":"https:\/\/www.captrader.com\/en\/glossar\/sp-500-futures\/","title":{"rendered":"S&P 500 Futures"},"content":{"rendered":"

The S&P 500 is one of the most important and best-known share indices in the world. It is regarded as a benchmark for the development of the American stock markets. As an index itself cannot be bought or sold, there are a large number of financial instruments available that can be used to profit from the price movements of the index or to hedge against them. The E-mini S&P 500 Future<\/a> with the abbreviation ES is one of the most widely used instruments for active traders.<\/p>\n\n\n\n

Contract specifications<\/h2>\n\n\n\n
Designation<\/td>E-mini S&P 500<\/td><\/tr>
Abbreviation<\/td>ES<\/td><\/tr>
Contract size<\/td>50 USD x S&P 500 Index<\/td><\/tr>
Price quote<\/td>Index points<\/td><\/tr>
Tick size<\/td>0.25 Index points<\/td><\/tr>
Tick value<\/td>12.50 USD<\/td><\/tr>
Daily price limit<\/td>None<\/td><\/tr>
Stock Exchange<\/td>CME\/Globex<\/td><\/tr>
Trading hours (DE)<\/td>0 o'clock - 22.30 o'clock
22:30 - 23:00<\/td><\/tr>
Contract months<\/td>Mar (H), Jun (M), Sep (U), Dec (Z)
for the next 5 quarters<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The E-mini S&P 500 Future (ES) has an equivalent value of 50 USD per index point. A movement of the S&P 500 of 1 % would thus currently cause a profit or loss of 1400 USD with an index point level of 2800 in the future.<\/p>\n\n\n\n

\"\"<\/p>\n\n\n\n

The big brother of the E-mini (SP)<\/h3>\n\n\n\n

In addition to the E-mini future, there is another future with a higher contract value. The large S&P 500 future (ticker: SP) has a contract size of USD 250 per point and thus has 5 times the value of the E-mini future. The contract is therefore generally not used by private traders and is mainly used by institutional market participants.<\/p>\n\n\n\n

S&P 500 Micro E-mini Futures (MES)<\/h3>\n\n\n\n

For small accounts, the Micro Future (abbreviation MES) is a contract whose point value is 5 USD (1\/10 of the E-mini Future). Thus, private traders for whom the E-mini Future is too large can also trade with real futures contracts.<\/p>\n\n\n\n

In addition to futures, there are also numerous ETFs on the S&P 500 Index. The best known and most liquid is the SPDR S&P 500 ETF with the abbreviation SPY.<\/p>\n\n\n\n

Options are also tradable for the ES as well as for the SPY.<\/p>","protected":false},"author":20,"featured_media":0,"template":"","class_list":["post-45281","glossar","type-glossar","status-publish","hentry"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar\/45281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/glossar"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/20"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=45281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}