What Are S&P 500 E-mini Futures?
And in October 1997 the Mini S&P 500 (symbol = ES) was introduced – which is the same as the S&P 500 (symbol = SP), except it is one fifth the size in terms of point and tick size, discussed shortly. Exactly What Is The S&P 500 Index? I think everyone knows what the Dow Jones Industrial Average (DJIA) Index consists of; The DJIA is made up of only 30 blue chip stocks. The S&P 500 index on the other hand is based on the stock prices of 500 different companies – generally 76% industrials, 12% financial institutions, 10% utilities and 2% transportation. As you can readily see, the S&P 500 is much more representative of the overall market than that of the DJIA. Also, the market value of the 500 firms that comprise the S&P 500 index is equal to roughly 80% of the value of all the stocks that are traded on the New York Stock Exchange (NYSE). What Is The Value Of The S&P 500 Futures Contract? The value of the S&P 500 futures contract can be calculated by multiplying the futures price by $500.
Related Questions
- May a customer liquidate E-mini futures positions against offsetting positions in the regular-sized futures contract without making additional trades in the market?
- I know absolutely nothing about e-mini futures, commodity or stock index futures trading (emini or full S&P 500) - does that matter?
- How do the quarterly E-mini futures settle and when is the last time to trade before expiration?
