Equity index futures
What is the E-mini S&P 500 (ES) contract and what is its notional value and tick pricing breakdown?
By Easy Money Scanner · Educational reference · Not investment advice
The short answer
The E-mini S&P 500 (ES) tracks the S&P 500 index with a $50 multiplier and a minimum tick of 0.25 points, worth $12.50.
How it works
It is one of the most liquid equity index futures contracts, widely used for hedging and speculative exposure to large-cap U.S. stocks.
An example
At a 4,500 price, one ES contract represents $225,000 notional exposure.
Risk & limitations
High leverage means small index moves create large relative account swings.
Examples are hypothetical, not trade recommendations. US contract and regulatory references do not automatically apply in Canada. Rules, margin requirements and broker policies can change; confirm them with the relevant authority and your broker.