Equity IndexESCME Globex

E-mini S&P 500

About E-mini S&P 500

The E-mini S&P 500 (ES) is the world's most actively traded equity index futures contract. It provides leveraged exposure to the S&P 500 index at one-fifth the size of the standard contract. Institutional and retail traders alike use ES for speculation, hedging equity portfolios, and gaining broad US market exposure. Average daily volume regularly exceeds 1.5 million contracts.

E-mini S&P 500 Price Chart

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Contract Specifications

Contract Size: $50 × S&P 500 index value
Tick Size / Value: 0.25 index points = $12.50 per tick
Exchange: CME Globex

Trading Hours

Nearly 24 hours: Sun 18:00 – Fri 17:00 ET with a daily maintenance halt 17:00–18:00 ET. Regular trading hours (RTH) are 09:30–16:15 ET.

Margin Notes

Intraday margin varies by broker (~$500–$1,500 for day trading). Exchange maintenance margin around $12,000–$13,000.

More Equity Index Futures

E-mini Russell 2000

RTY · CME Globex

The E-mini Russell 2000 (RTY) provides exposure to US small-cap equities. Small-caps are more domestically focused and cyclically sensitive than large-caps, making RTY useful for trading domestic economic sentiment, interest rate expectations, and risk-on/risk-off rotations.

DAX Futures

FDAX · Eurex

DAX futures (FDAX) on Eurex are Europe's most liquid equity index futures, tracking Germany's DAX 40. With a notional value often exceeding €450,000, FDAX attracts institutional players. The Mini-DAX (FDXM) at €5/point makes it accessible for smaller traders. DAX futures are a key vehicle for trading European macro sentiment.

Hang Seng Index Futures

HSI · HKEX

Hang Seng Index futures provide the primary vehicle for trading Hong Kong equity market sentiment. Given Hong Kong's role as a gateway to China, HSI futures are influenced by both Chinese economic data and global capital flows. Mini HSI (MHI) at HK$10/point is available for smaller traders.

Micro E-mini Dow Jones

MYM · CBOT (CME Group)

The Micro E-mini Dow (MYM) is the micro-sized version of YM, providing DJIA exposure at just one-tenth the contract size. Suitable for small accounts and precise risk calibration.