CME Group E-mini S&P MidCap 400

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E-Mini S&P MidCap 400 Futures
Contract Unit $100 x S&P MidCap 400 Index
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET with trading halt 4:15 p.m. - 4:30 p.m.

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

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
Minimum Price Fluctuation Outright: 0.10 index points=$10.00

Calendar Spread: 0.05 index points=$5.00

BTIC: 0.05 index points=$5.00

Product Code CME Globex: EMD

CME ClearPort: ME

Clearing: ME

BTIC: EMT

Listed Contracts Five months in the March Quarterly Cycle (Mar, Jun, Sep, Dec)

View Current Listing

Settlement Method Financially Settled
Termination of Trading Trading can occur up until 9:30 a.m. Eastern Time (ET) on the 3rd Friday of the contract month

BTIC trading terminates at 4:00 p.m. ET on the Thursday before the 3rd Friday of contract month

Settlement Procedures Settlement Procedures
Position Limts CME Position Limits
Exchange Rulebook CME 362
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
E-Mini S&P MidCap 400 Options
Contract Unit One E-mini S&P MidCap 400 futures contract
Minimum Price Fluctuation Outright: 0.05 index points = $5.00
CAB: 0.025 index points = $2.50
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 from 4:15 p.m. - 4:30 p.m. ET (3:15 p.m. - 3:30 p.m. CT). Daily maintenance period Monday - Thursday 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) .
CME ClearPort Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. New York Time/ET (4:00 p.m. - 5:00 p.m. CT) daily maintenance period.
Product Code CME Globex: EMD

CME ClearPort: ME

Clearing: ME

Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 quarters
Termination of Trading Trading terminates at 8:30 a.m. CT on the 3rd Friday of the contract month
Position Limits CME Position Limits
Exchange Rulebook CME 362A
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 5-point intervals within ± 20% previous day’s settlement price of the underlying futures. Once the contract becomes the second nearest cycle month contract, 2.5-point intervals within ± 15 Index points of previous day’s settlement price of the underlying futures. Exercise prices for serial options shall be identical to the exercise prices that are listed for the March quarterly options on the same underlying futures contract
Exercise Style American
Exercise Procedure An option can be exercised until 5:30 p.m. CT on any business day the option is traded.

QUARTERLY OPTIONS - Unexercised in-the-money options will be automatically exercised at 5:30 p.m. CT on the day of determination of the Final Settlement Price.

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 5:30 p.m. CT 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.

Settlement Method Deliverable
Underlying E-mini S&P MidCap 400 Futures

Notes[edit]

Also See[edit]

CME Group stock index products

References[edit]

CME Group Web site

E-mini S&P MidCap 400 Futures Contract Specs