Micro E-mini S&P Futures Contract Specifications, Margins and Platforms

Micro E-mini S&P Futures Contract Specifications, Margins and Technology

 

Micro E-mini

What is the Micro E-mini S&P 500?

The Micro Emini is a futures contract that tracks the S&P 500 stock market index. You can trade it only on the Chicago Mercantile Exchange (CME).

What Is the Symbol for the Micro E-mini S&P?

The symbol for the E-mini SP is MES. However, you may find a quote vendor that uses a different symbol.

What Months does the Micro E-mini SP Contract Trade?

The ES contract trades in these months:

March Symbol H

June Symbol M

September Symbol U

December Symbol Z

What is the Contract Size of the Micro E-mini S&P Futures? 

$5 x S&P 500 Index

What is the Tick Size of the Micro E-mini Futures S&P Contract?

Minimum Tick – 0.25.
Dollar Value of One Tick – $1.25

What are the Trading Hours of the Micro E-mini S&P Futures Contract?

Trading Hours: Sunday – Friday 5:00p.m. – 4:00p.m. CT with a trading halt from 3:15p.m. – 3:30p.m. CT; Daily Maintenance period Monday – Thursday 4:00p.m. – 5:00p.m.

What Contract Month Should I Trade?

You Should trade the contract that is most liquid. This means that you should trade the month closest to the current period. Two weeks prior expiration to the contract, you should start looking at the next month and see where is the liquidity. The liquidity is measured in terms of Open Interest and daily volume traded.

How do margins work?

The margin is the amount of capital that is used out of your account when trading a futures contract.  However, the margin money is given back to you upon closing of the account.  The profit or loss generated as a result of your trade will be debited or credited to your futures trading account. Overnight trading margins are determined by the exchange and are not negotiable. Anything held past 16.00 CST/17.00 EST is considered is subject to the overnight margin.

What Are Day Trading Margins?

Day trading margins are determined by the FCM and/or the Introducing Broker.  They can determine the hours and the margins you hold for their specified day trading hours. Keep in mind that day trading hours and margins do apply to overnight margins (please read above).

What are the margins for the Micro E-mini S&P Futures (MES)

CLICK HERE to view Day Trading Margins for MES.

How does the Micro ES Contract Settle?

The MES is a cash-settled product.  There is no delivery on this contract.

Which Platforms Trade Micro E-minis?

Please check these Futures Trading Platforms. They all trade the Micro E-mini S&P Futures (MES).

Which Brokers Trade Micro E-Mini SP?

Please call 1-800-771-6748 to start your E-mini futures trading. Drop us an email at general@optimusfutures.com

Comments are closed