In this article, you will find a file related to the S&P 500 futures market (ES). I will rewrite it in Arabic and split it into subheadings with tags.
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What is the E-Mini S&P Future?
The E-Mini S&P Future corresponds to the S&P 500 index, which is generally considered the benchmark for U.S. stocks. When the S&P index rises, the E-Mini S&P Future also rises.
ES Contract Specifications
The contract specifications for the ES futures market include the following:
- Symbol: ES
- Expiration Months: March, June, September, December
- Exchange: Chicago Mercantile Exchange (CME) Globex
- Currency: U.S. Dollar
- Point Size: 0.25 points
- Point Value: $12.50
- Number of Points in a Point: Four, making each point equal to $50 per contract
Trading E-Mini S&P Futures (ES)
These products can be traded through many trading brokers, although not all of them. For instance, traders with accounts at TD Ameritrade or Charles Schwab may be able to trade futures, while those with accounts at Fidelity or Robinhood cannot trade futures. However, even if your broker offers futures trading, you will likely need to open a special margin account or futures account to trade.
E-Mini S&P Future Margins
Day traders have lower margin requirements than traders who hold futures positions overnight. The margin requirement refers to the amount a trader can borrow to open a position (in this case, buying an ES contract). While traders holding overnight futures positions can borrow up to 50% of the entry price of the trade, day traders can borrow up to four times their available cash.
S&P 500 (ES) Holidays
Generally, the ES futures market is open for trading from Sunday night to Friday night throughout the week. However, there are exceptions for holidays, which can be found in the CME holiday calendar. There are adjustments to trading hours or closures during national holidays. In 2022, a national holiday is scheduled for every month except March, August, and October. In all other months, there is at least one trading day affected by the holiday.
Frequently Asked Questions (FAQs)
How long are ES contracts traded each week?
Futures contracts trade on an electronic trading system that is available for almost 24 hours a day, from 6 PM Eastern Time on Sunday to 5 PM Eastern Time on Friday. There is a trading halt from 4:15 PM to 4:30 PM daily, in addition to a maintenance period from 5 PM to 6 PM Monday through Thursday.
When do ES futures contracts expire?
ES futures contracts expire on the third Friday of March, June, September, and December. When those dates arrive, the trader must either roll over their contract or settle it.
Sources
The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts presented in our articles. Read our editorial process to learn more about how we fact-check and maintain the accuracy, reliability, and quality of our content.
CME Group. “Contract Month Codes.”
Securities and Exchange Commission. “Margin: Borrowing Money to Pay for Stocks.”
Securities and Exchange Commission. “Margin Rules for Day Trading,” Page 2.
CME
Group. “Welcome to E-mini S&P 500 Futures.”
CME Group. “Managing Micro E-Mini Futures Expiration.”
Source: https://www.thebalancemoney.com/profile-of-the-sandp-500-es-futures-market-1031271
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