# MES Tick Value & Contract Specs (Micro S&P 500)

> One MES tick is 0.25 index points, worth $1.25 per contract. One index point is worth $5, so a move of 10 index points is 40 ticks, or $50 on one contract.

**Source:** https://propfirmpal.com/futures/contracts/mes  
**Generated:** 2026-09-25  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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MES (Micro E-mini S&P 500) ticks in 0.25 index points, worth $1.25 per contract. CME specs, P&L per move, hours and months.

## Contract specifications

| Specification | Value |
| --- | --- |
| Contract | Micro E-mini S&P 500 (MES) |
| Exchange | CME (CME Group) |
| Asset class | Equity index |
| Contract unit | $5 × S&P 500 Index |
| Price quotation | US dollars and cents per index point |
| Tick size | 0.25 index points |
| Tick value | $1.25 per contract |
| Value of one index point | $5 |
| Contract months | H (Mar), M (Jun), U (Sep), Z (Dec) |
| Trading hours | Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. |
| Settlement | Financially settled |
| Last trading day | 9:30 am ET on the third Friday of the contract month. |

_Source: [CME Group — Micro E-mini S&P 500 contract specs](https://www.cmegroup.com/markets/equities/sp/micro-e-mini-sandp-500.contractSpecs.html), retrieved 2026-09-22._

## Ticks to dollars

| Price move | Ticks | 1 contract | 10 contracts |
| --- | --- | --- | --- |
| 0.25 index points | 1 | $1.25 | $12.50 |
| 1 index point | 4 | $5 | $50 |
| 10 index points | 40 | $50 | $500 |

## Trading hours

| Central Time (CT) | Eastern Time (ET) | Breaks |
| --- | --- | --- |
| Sun 5:00 pm – Fri 4:00 pm | Sun 6:00 pm – Fri 5:00 pm | 4:00–5:00 pm CT (5:00–6:00 pm ET), Mon–Thu |

## Other sizes

- [ES — E-mini S&P 500](https://propfirmpal.com/futures/contracts/es): $12.50 per tick.

## Which prop firms allow this contract

Prop Firm Pal does not yet record firms' permitted products symbol by symbol, so no firms are named here. Compare futures prop firms at https://propfirmpal.com/futures and check each firm's rules for MES.

## Frequently asked questions

### What is the tick value of MES?

One MES tick is 0.25 index points, worth $1.25 per contract. One index point is worth $5, so a move of 10 index points is 40 ticks, or $50 on one contract.

### How much is one index point worth on MES?

One index point is worth $5 per MES contract: 4 ticks of $1.25.

### What are MES trading hours?

MES trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. In Eastern Time that is Sun 6:00 pm – Fri 5:00 pm. Holidays shorten or close sessions.

### What months does MES trade?

Quarterly contracts (Mar, Jun, Sep, Dec) listed for 5 consecutive quarters. Month codes: H (Mar), M (Jun), U (Sep), Z (Dec).

### Is MES cash-settled?

MES is financially settled. Last trading day: 9:30 am ET on the third Friday of the contract month. Most traders roll to the next contract month before then.

### What is the margin for MES?

CME Group sets the exchange margin for MES and changes it often, and brokers set their own day-trading margins on top. A prop firm account does not post margin: the firm’s drawdown limit and contract limit cap the risk instead. For a current exchange figure, check CME Group’s margin page for the contract.

### What is the difference between MES and ES?

ES (E-mini S&P 500) tracks the same market at ten times the size of MES. One ES tick is worth $12.50, against $1.25 for MES.

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