BROWSE

E-Mini

Definition

E-Mini S&P, often abbreviated to "E-mini" and designated by the commodity ticker symbol ES, is a stock market index futures contract traded on the Chicago Mercantile Exchange's Globex electronic trading platform. The notional value of one contract is 50 times the value of the S&P 500 stock index; thus, for example, On July 11, 2016, the S&P 500 cash index closed at 2,137.16, making each E-mini contract a $106,858 bet.

What is 'E-Mini '

An electronically traded futures contract on the Chicago Mercantile Exchange that represents a portion of the normal futures contracts. E-mini contracts are available on a wide range of indexes such as the Nasdaq 100, S&P 500, S&P MidCap 400 and Russell 2000.

Explaining 'E-Mini '

For example, the E-mini S&P 500 futures contract is one-fifth the size of the standard S&P 500 futures contract. Advantages to trading E-mini contracts include liquidity, greater affordability for individual investors and around-the-clock trading.


Further Reading


Price clustering in E‐mini and floor‐traded index futures
onlinelibrary.wiley.com [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

Quantifying reflexivity in financial markets: Toward a prediction of flash crashesQuantifying reflexivity in financial markets: Toward a prediction of flash crashes
journals.aps.org [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

Market quality and price discovery: Introduction of the E-mini energy futuresMarket quality and price discovery: Introduction of the E-mini energy futures
www.sciencedirect.com [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

Price dynamics in the regular and E-mini futures marketsPrice dynamics in the regular and E-mini futures markets
www.jstor.org [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

Agent based model of the e-mini future: application for policy makingAgent based model of the e-mini future: application for policy making
ieeexplore.ieee.org [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

Is it time to reduce the minimum tick sizes of the E‐mini futures?Is it time to reduce the minimum tick sizes of the E‐mini futures?
onlinelibrary.wiley.com [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

Trading platform, market volatility and pricing efficiency in the floor-traded and E-mini index futures marketsTrading platform, market volatility and pricing efficiency in the floor-traded and E-mini index futures markets
www.sciencedirect.com [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

Intraday trading invariance in the E-mini S&P 500 futures marketIntraday trading invariance in the E-mini S&P 500 futures market
papers.ssrn.com [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

Incorporating real-time financial data into business curriculaIncorporating real-time financial data into business curricula
www.tandfonline.com [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …

An agent based model of the E-Mini S&P 500 applied to Flash Crash analysisAn agent based model of the E-Mini S&P 500 applied to Flash Crash analysis
ieeexplore.ieee.org [PDF]
… in price clustering in floor-traded index futures after the introduction of E-mini futures trading … Financial support from the National Science Council of Taiwan is also gratefully acknowledged … Huimin Chung is an Associate Professor at the Graduate Institute of Finance at National …



Q&A About E-Mini


What is E-Mini?

An electronically traded futures contract on the Chicago Mercantile Exchange that represents a portion of the normal futures contracts.

How much smaller is an E-mini contract than a regular futures contract?

One fifth the size.

What is an index?

An index is a statistical measure of change in market conditions or economic activity over time. The most common type of index measures changes in stock prices, but there are indexes for bonds, commodities and other financial instruments as well as economic variables such as inflation rates and unemployment figures. In finance, an index is used to track performance of specific types of investments or markets; it may be based on one or more underlying assets (such as stocks) or indices themselves may be traded actively as financial instruments in their own right ("index funds"). Indexes can also be calculated for diverse groups such as world countries or companies within those countries."

How do E-mini contracts provide trading advantages?

Some E-mini contracts provide trading advantages, including high liquidity (and therefore tight bid/offer spreads), greater affordability for individual investors due to lower margin requirements than the full-size contracts, and round-the-clock trading 23.25 hours a day from Sunday afternoon to Friday afternoon.

What are E-mini contracts?

E-mini contracts are a type of futures contract that represent a fraction of the value of standard futures. They are traded primarily on the Chicago Mercantile Exchange's Globex electronic trading platform.

Why are E-mini contracts more affordable for individual investors?

The E-mini contracts are one fifth the size of standard futures contracts.

When can you trade an e mini future?

Around the clock.

What indexes does the E-mini contract represent?

The E-mini contract represents a wide range of indexes such as Nasdaq, S&P 5, S&P MidCap 4 and Russell 2000.