S&P 500 futuresS&P 500 Futures are financial futures which allow an investor to hedge with or speculate on the future value of various components of the S&P 500 Index market index. S&P 500 futures contracts were first introduced by the Chicago Mercantile Exchange in 1982. The CME added the e-mini option in 1997. The bundle of stocks in the S&P 500 is, per the name, composed of stocks of 500 large companies. Derived FuturesAll of the S&P derived future contracts are a product of the Chicago Mercantile Exchange (CME).[1] They expire quarterly (March, June, September, and December), and are traded on the CME Globex exchange nearly 24 hours a day, from Sunday afternoon to Friday afternoon.[1]
ContractsS&P Futures contracts are used to speculate, hedge, or offset investment risk by commodity owners (i.e., farmers), or portfolios with undesirable risk exposure offset by the futures position.[3] QuotesCME Group provides live feeds for S&P Futures and these are published on various websites like Bloomberg.com,[4] CNN Money,[5] and SPFutures.org.[6] Trading LeverageS&P Futures trade with a multiplier, sized to correspond to $250 per point per contract. If the S&P Futures are trading at 6,000, a single futures contract would have a market value of $1,500,000. For every 1 point the S&P 500 Index fluctuates, the S&P Futures contract will increase or decrease $250. US Tax AdvantagesIn the United States broad-based index futures receive special tax treatment under the IRS 60/40 rule.[7] Stocks held longer than one year qualify for favorable capital gains tax treatment, while stocks held one year or less are taxed at ordinary income.[8] Proceeds from index futures contracts traded in the short term are taxed 60 percent at the favorable capital gains rate and only 40 percent as ordinary income.[7] Losses on NASDAQ futures can be carried back up to 3 years, and tax reporting is significantly simpler, as they qualify as Section 1256 Contracts. See alsoReferences
External links |
Portal di Ensiklopedia Dunia
