An E-mini is an electronically traded futures contract that is a fraction of the value of its corresponding futures contract. E-mini futures are predominately traded on the Chicago Mercantile Exchange (CME) and typically correspond to large range of indices, including the US S&P 500.

As defined by the Corporate Finance Institute,

"A futures contract, referred to as a futures, is a binding legal financial contract, or an agreement, to buy or sell an underlying asset at a predetermined price, at a specified, pre-agreed date, in the future, between two parties who don’t necessarily know, or are involved in business with, each other."

These transactions allow the presence of smaller traders who could not necessarily afford the full sized contract. Because the E-minis are broken down into fractional parts for this type of trading, it increases the flexibility of futures trading and the liquidity of the market.

The recent boom of the stock market following the recession during the COVID-19 pandemic has pushed E-mini trading prices for the S&P 500 futures contracts to their highest level since its origination in 2008.

What will be the lowest closing value for the E-Mini S&P 500 Future Continuous Contract in September?

This question resolves as the lowest closing value for the E-mini S&P 500 Futures Continuous Contract in September. For this question, inter-daily values will not be counted.

Resolution will be sourced from MarketWatch or other reliable financial reporting platforms.