E-mini S&P 500 (ES)

Definition

The E-mini S&P 500 (ES) is an electronically traded futures contract on the CME that represents one-fifth the value of the standard S&P 500 futures contract. It tracks the S&P 500 index and is the most actively traded equity index futures contract in the world. Each point of movement is worth $50, making it a popular choice for both day traders and institutional hedgers.