文档介绍：E-mini_final REV 0131 2/9/05 9:11 AM Page 123
CME® E-MINITM STOCK INDEX
FUTURES AND OPTIONS Product Overview
E-mini_final REV 0131 2/9/05 9:11 AM Page 124
Table of Contents
5 THE BASICS
12 ABOUT FUTURES CONTRACTS
18 GETTING STARTED TRADING
21 CONTRACT SPECIFICATIONS
26 TRADING EXAMPLES
PARING STOCK INDEX FUTURES
AND EXCHANGE TRADED FUNDS (ETFS)
34 ABOUT CME
36 QUICK REFERENCE
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Introduction
nnovative CME® E-miniTM futures track the most
popular broad-based stock index benchmarks in
I the financial world. The CME E-mini futures
complex consists of the following five key products:
• E-mini S&P 500® futures
Created to track the Standard & Poor’s 500 Index, the key
benchmark for large-capitalization . stocks
• E-mini NASDAQ-100® futures
Created to track the NASDAQ-100 Index, a key benchmark
of technology, and biotechnology issues
• E-mini Russell 2000® futures
Created to track the Russell 2000 Index, one of the major
benchmarks for small-capitalization . stocks
• E-mini S&P MidCap 400™ futures
Created to track the Standard & Poor’s MidCap 400 Index,
the key benchmark for mid-size . companies
• E-mini Russell 1000® futures
Created to track the 1000 largest panies in the .
based on total market capitalization.
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1 THE BASICS
What Are Stock Index Futures?
Pioneered by CME and sequentially launched between 1997 and Stock index futures are contracts to buy or sell the If in trading futures you purchase an index futures
2003, all CME E-mini futures are pletely electronically via value of a specific stock index at a specific price on contract, you hope to gain from future price increases
a specific date in the future. Businesses and individual when you offset your trade by selling the contract.
electronic order management software on a PC or through a registered traders trade stock index futu