Micro S&P 500 Futures Contract allows trading today future price forecasts of the stock portfolio represented by the S&P 500 Index, thus meeting the demand of local investors who seek exchange rate fluctuation and international index exposure with a lower investment amount for the S&P 500 Futures Contract. The size of this contract is given by the S&P 500 Index multiplied USD 2.50, which makes it 20 times smaller than the standard contract, the S&P Futures Contract, where each index point is multiplied by USD 50.00.
The S&P 500 Index is calculated and published by Standard & Poor’s and is one of the most representative indices in the global financial market. It reflects a diversified Blue Chip stock portfolio of 500 leading US companies in major economic sectors, i.e., technology, finance, health, consumer goods, industry, materials and public services. As a result, the S&P 500 Index becomes a general indicator of the US stock market given tat the market value of the stocks in the index equals approximately 80% of the market capitalization of the companies traded on the NYSE.