Level playing field: The Globex electronic trading platform means that large and small traders have equal access to the market and trades are executed in the order they are received.
Large depth of market: Again, the Emini market is so liquid, there is plenty of volume either side of the last traded price for large orders to be filled with minimum slippage (or difference from the last traded price). Low margin requirement: To open a day trading position with Interactive Brokers you only need margin of $2,875 per Emini contract. Low minimum account size requirement: To open a futures trading account with Interactive Brokers you need to deposit a minimum of $10,000. No trade-by-trade accounting: Another advantage of the tax treatment of Emini futures is that the tax reporting requirements are minimal. Better than Stocks, Forex, Commodities and Bonds: Check out this video for more reasons to trade Emini futures and avoid individual stocks, forex, commodities and bonds.
Over the years I have traded almost every possible security: stocks, options, commodities, futures, forex, mutual funds, IPOs, ETFs, etc.
Emini futures were originally launched in September 1997 to attract non-professional investors into trading index futures.
Note: The SPY ETF is largest but it is more a position taking market than a day trading vehicle. However, the S&P 500 Emini continues to dominate index futures as the chart above of monthly trading volumes shows. Contract rollover is on the 2nd Thursday of March, June, September and December, unless the rollover month starts on a Friday, in which case it is on the 1st Thursday of the month. Unlike commodity futures like Copper or Crude Oil, physical delivery on settlement doesn’t exist for financial futures contracts like the Emini. Overnight moves in related equity markets, like the DAX or FTSE, can be played with the one trading vehicle. The huge volume spikes of over 80 million contracts traded happened during large market sell-offs. Data providers join together (or concatenate) symbols from adjoining quarters so you can plot a long history of each contract. If you happen to be holding an Emini futures position at settlement time, your trading account is credited any profit (or debited any loss) on that contract and your position closed out.
Check out this video to understand more about Emini Contract Rollover, Expiry & Continuous Contracts. TradeStation offers an even lower margin requirement for Emini day traders of $1,265 per contract. So ES11H (or ESH11) is the ticker symbol for an Emini S&P 500 futures contract that expires in March of 2011.
Remember, these are absolute minimums – you should be trading with much more capital behind your positions.
Between 2012 and 2015 trading volumes have backed off, but that decline in trading activity has been seen across all traded markets.
The 6,000 Amateur traders (trading on average 1 contract per trade and 1 trade every other day) account for only 1% of the total Emini trading volume.
Stock option trading reviews|
Weekly options trading
Can you day trade options
Stock option strategies