E-mini S&P 500 futures

RECENT NEWS
Benzinga  Aug 8  Comment 
Brian Stutland said on CNBC's Futures Now that he is considering to take a short position in e-mini S&P 500 futures. Anthony Grisanti commented that he is also looking to sell this market. He thinks that not only the traders' confidence...
FX Street  Jul 9  Comment 
S&P 500 risk skewed to support probes A break below modest support at 1966/64.5 and the firmer... For more information, read our latest forex news and reports.
FX Street  Jul 1  Comment 
S&P 500 risk skewed to further upside A probe higher to end June after a very erratic tone last... For more information, read our latest forex news and reports.
FX Street  Jun 27  Comment 
S&P 500 erratic range tone, but bull theme intact above 1929.5 A second successive session... For more information, read our latest forex news and reports.
FX Street  Jun 16  Comment 
S&P 500 bias for a further correction lower An inside pattern to end the week, but only after a... For more information, read our latest forex news and reports.
FX Street  Jun 13  Comment 
S&P 500 bias for a further correction lower As we flagged in our last report, a more notable... For more information, read our latest forex news and reports.
FX Street  Mar 3  Comment 
S&P 500 E-mini Future bullish bias intact through 1866.5/67.5 this week We stated Friday that... For more information, read our latest forex news and reports.
FX Street  Feb 27  Comment 
US Benchmark Future Aims For 1867.5 and 1875.0 Fibo and Chart Targets A resilient digestion tone... For more information, read our latest forex news and reports.
FX Street  Feb 24  Comment 
E-mini future ($ES_F) hesitant, but still pointing through 1846.5 for Fibo targets, 1852.0 and... For more information, read our latest forex news and reports.
FX Street  Feb 7  Comment 
A better rebound effort than anticipated Thursday, back through the breakdown trigger area at... For more information, read our latest forex news and reports.




 
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The S&P e-mini futures are futures contracts on the S&P 500 index traded on the Chicago Mercantile Exchange's Globex trading Platform. They are a way to invest in the S&P 500.

The notional value of each contract is US$50 times the value of the S&P 500 stock index, which means that an investor holding one of these contract will profit (or lose) $50 for every 1 point change on the S&P 500 index. When the S&P 500 is at 1000, each of these contracts is worth $50*1000 = $50,000. An investor does not have to pay the entire amount to hold these contracts; CME guidelines suggest that an investor needs anywhere between 5%-20% as collateral for these contracts.[1]

Unlike ETFs, such as the SPDR funds, the e-mini futures are not backed by stocks. Hence an investor does not get the dividends on the underlying stocks. Instead, these contracts are backed by a counter-party who takes the opposite position on these futures.

Launched in 1997, these contracts have become extremely popular with investors. As of December 2004, on average over 700,000 of these contracts were traded every day.[2] Other E-mini contracts include futures on the NASDAQ 100 and the Russell 2000 indices.


References

  1. Chicago Mercantile Exchange, retrieved November 14, 2008
  2. Chicago Mercantile Exchange, retrieved November 14, 2008
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