CME Group E-mini S&P SmallCap 600

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E-mini S&P SmallCap 600 Futures
Contract Unit $100 x S&P SmallCap 600 Index
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m.

Clearport: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET

Clearport BTIC: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET

Minimum Price Fluctuation Outrights: 0.10 index points=$10.00

Calendar Spread: 0.05 index points=$5.00 BTIC: 0.05 index points=$1.00

Product Code CME Globex: SMC

CME ClearPort: SMC

Clearing: SMC

BTIC: SMT

Listed Contracts Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)
Settlement Method Financially Settled
Termiantion of Trading Trading can occur up to 9:30 a.m. Eastern Time (ET) on the 3rd Friday of the contract month
Settlement Procedures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 368
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
E-mini S&P SmallCap 600 Options
Contract Unit One E-mini S&P SmallCap 600 futures contract
Minimum Price Fluctuation Outright: 0.10 index points = $10.00
HALF TICK: 0.05 index points = $5.00
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with 15-minute trading halt Monday – Friday 4:15 p.m. - 4:30 p.m. ET (3:15 p.m. - 3:30 p.m. CT) and a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT).
CME ClearPort Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code CME Globex: SMC

CME ClearPort: SMC

Clearing: SMC

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and 2 serial months
Termination of Trading Quarterly contracts terminate at 8:30 a.m. CT on the 3rd Friday of the contract month.

Serial contracts terminate at 4:00 p.m. CT on the 3rd Friday of the contract month

Position Limits CME Position Limits
Exchange Rulebook CME 368A
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Deferred month: 5-point intervals. Once the contract becomes the second nearest contract, 2.5-point intervals will be available
Exercise Style American
Settlement at Expiration Option exercise results in a position in the underlying cash-settled Futures contract. Options which are in-the-money on the last day of trading are automatically exercised.

In-the-money QUARTERLY OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. ET on the day of the expiration, are exercised automatically into expiring cash-settled futures, which settle to the SOQ calculated the morning of the 3rd Friday of the contract month. In-the-money SERIAL OPTIONS, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m. on the day of the expiration, shall be exercised automatically on serial option expiration day.

An option can be exercised until 6:30 p.m. ET on any business day the option is traded. QUARTERLY OPTIONS - Unexercised in-the-money options will be automatically exercised at 6:30 p.m. ET on the day of determination of the Final Settlement Price. SERIAL OPTIONS - Unexercised in-the-money options will be automatically exercised at 6:30 p.m. ET on Serial Option expiration day.

Settlement Method Deliverable
Underlying E-mini S&P 600 SmallCap Futures

Notes[edit]

Resources[edit]

CME Group E-mini S&P SmallCap 600 Contract Specifications