GLOSSARY · CONTRACTS & MONEY
What is Notional Value?
Notional value is the full market value a futures contract controls.
Notional value = current price × contract multiplier. It tells you your true market exposure, which is far larger than the margin you post.
EXAMPLE
At an S&P 500 level of 5,000, one ES contract (×$50) has a notional value of $250,000. One MES (×$5) is $25,000.
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