Back to Futures
Equity IndexMESCME Globex
Micro E-mini S&P 500
Category
Equity Index
Exchange
CME Globex
Contract Size
$5 × S&P 500 index value (1/10th of ES)
Symbol
MES
About Micro E-mini S&P 500
The Micro E-mini S&P 500 (MES) offers the same market exposure as ES but at one-tenth the contract size. Launched in 2019, it quickly became one of the highest-volume futures products globally. Ideal for retail traders building positions, fine-tuning risk, or practicing with real market conditions at a fraction of the capital requirement.
Micro E-mini S&P 500 Price Chart
Loading chart…
Contract Specifications
- Contract Size
- $5 × S&P 500 index value (1/10th of ES)
- Tick Size / Value
- 0.25 index points = $1.25 per tick
- Exchange
- CME Globex
Trading Hours
Same as ES: Sun 18:00 – Fri 17:00 ET with a daily maintenance halt 17:00–18:00 ET.
Margin Notes
Intraday margin as low as $50–$200 depending on broker. Exchange maintenance margin ~$1,200–$1,350.
More Equity Index Futures
Euro Stoxx 50 Futures
FESX · EurexEuro Stoxx 50 futures (FESX) on Eurex are the most liquid European index futures, tracking 50 eurozone blue-chips. Used heavily for macro hedging, spread trading vs. national indices, and as the underlying for a massive options market. Notional typically €30,000–€45,000 per contract.
E-mini Russell 2000
RTY · CME GlobexThe E-mini Russell 2000 (RTY) provides exposure to US small-cap equities. Small-caps are more domestically focused and cyclically sensitive than large-caps, making RTY useful for trading domestic economic sentiment, interest rate expectations, and risk-on/risk-off rotations.
FTSE 100 Futures
Z · ICE Futures EuropeFTSE 100 futures on ICE provide exposure to the UK's leading blue-chip index. Widely used by UK pension funds and asset managers for hedging. Retail traders use CFDs modelled on these futures. The FTSE tends to be influenced by commodity prices (mining/oil constituents) and GBP movements.
E-mini NASDAQ 100
NQ · CME GlobexThe E-mini NASDAQ 100 (NQ) futures provide concentrated exposure to the 100 largest non-financial companies on NASDAQ. Given the heavy tech weighting of the NASDAQ 100, NQ futures are a favourite for traders seeking amplified moves driven by technology sector earnings and sentiment. Second only to ES in equity futures volume.