stock index; thus, for example, on December 04, 2024, the S&P 500 cash index closed at 6,098.50, making each E-mini contract a $304,925 bet.

History and structure

The contract was introduced by the CME on September 9, 1997, after the value of the existing S&P contract (then valued at 500 times the index, or over $500,000 at the time) became too large for many small traders. The E-mini quickly became the most popular equity index futures contract in the world. The original ("big")

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