CME S&P SmallCap 600 futures will be sized at $200 times the index price (approximately $40,000 at recent index levels), and the minimum price fluctuation will be 0.05 index points, equivalent to $10 per contract. Contract months to be listed are those in the March quarterly cycle.
The S&P SmallCap 600 Index consists of 600 U.S. stocks chosen for market size, liquidity (bid-ask spread, ownership, share turnover and number of no-trade days), viability and industry group representation. The index is market-value weighted (stock price times the number of shares outstanding), with each stock's weight in the index proportionate to its market value.
Regular trading will be from 3:45 p.m. Monday through Thursday (5:30 p.m. on Sundays and holidays) until 3:15 p.m. the following day. (All times are Central time).
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. As an international marketplace, CME brings together buyers and sellers on its trading floors and virtually around the clock on its GLOBEX electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves about $1.7 billion per day in settlement payments and manages $27.7 billion in collateral deposits. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc.
