CME Futures

The Chicago Mercantile Exchange (CME) is an American financial and commodity derivatives exchange based in Chicago. CME offers trading on many financial instruments, including commodities, currencies, equities, and interest rates.


Currency: US Dollar (USD)

Trading Summary

Trading is conducted via two methods: an open outcry format and the CME Globex electronic trading platform. Approximately 80% of total volume at the exchange occurs electronically on CME Globex.

Please make sure that you familiarize yourself with the expiration dates of the different contracts. You can find these by reviewing the contract specifications on the CME Group website. For example, for the S&P 500 E-Mini contract: Contract Specs

Contract Lookup

You can use the following formula to calculate the contract value for each futures series. This value represents the amount of Buying Power (BP) you would need to trade a single contract.

1. Canadian Dollar futures: contract value = price * $100,000

2. E-mini Nasdaq 100 futures: contract value = price * $20

3. E-mini S&P 500 futures: contract value = price * $50

4. Euro FX futures: contract value = price * $50

5. Eurodollar futures: contract value = price * $125,000

6. Nikkei 225 (dollar) futures: contract value = price * $5

Contract Month Codes

Order Types

  • Limit Buy/Sell→ShortSell
  • Market Buy/Sell→ShortSell

Basic Market Rules

For more information, see the CME Rulebook page.

Globex Opening

Prior to the opening of each Globex session, Globex will provide an indicative price or prices, based on the Globex equilibrium price algorithm as follows, and on all pending orders that may be executed on the opening.

During the 30-second period prior to the opening, no previously entered orders may be modified or cancelled, though new orders may be entered. Globex will establish an equilibrium price that will be the opening price. The equilibrium price is the calculated price between sell pressure and buy pressure where the largest volume of trading can occur. The equilibrium price is one of the following:

  • a) The price within the equilibrium that has the largest trade volume and the lowest unmatched volume at that price remaining after the opening; or
  • b) If more than one price has the same trade volume and the same unmatched volume at that price, the equilibrium price is the one nearest the previous day's settlement price.

Bids and Offers will be selected for matching at the opening price based on price-time priority.

See Also

Liked this blog post?

Sign up for The Opening Bell to receive our bi-weekly newsletter with actionable insights and hone your day trading skills with the help from our market experts and your favourite TraderTV personalities, delivered straight to your inbox every Tuesday morning.

Leave a comment

Live Trading with DTTW™ on YouTube

DTTW™ is proud to be the lead sponsor of TraderTV.LIVE™, the fastest-growing day trading channel on YouTube.

With more than 300,000 subscribers, TraderTV.LIVE™ features a daily live trading broadcast, professional education and an active community.

Watch TraderTV.Live

Accepted Payment Methods:

payment accepted dttw 2020

Your ability to open a DTTW trading office or join one of our trading offices is subject to the laws and regulations in force in your jurisdiction. Due to current legal and regulatory requirements, United States citizens or residents are currently unable to open a trading office with us.

© 2011-2022 Day Trade The World™ All rights reserved.

Day Trade the World™ is a registered trademark of Select Vantage Canada Inc. 

Privacy PolicySitemapFraud Alert.