What is SPX 500 Pips Value? - SPX500 Trading
The Standard and Poor's 500 is a stock index that tracks the capitalization of the five hundred stocks which represent major industries in the US economy. The list of 500 companies is made up of stocks listed in the NYSE & NASDAQ.
Contracts and Details - SPX500 Index
Margin Required Per 1 Lot for SPX500 is - $ 12
Value per Pip for SPX500 is - $ 0.1
The SPX500 just like the Dow Jones Industry Average Index is more volatile than most of the other Top Traded Index, The SPX500 index will over long term trend upwards but it will have more price pull backs & more consolidations than other index. Traders may & might prefer to trade other indexes other than this one if they're more used to the more stellar & robust trends found in the other top indices.
One of the reason this stock index has more oscillations than other indices is because it has more constituent stocks than other indices. This stock index also has got a weighting component/constituent in its calculation which contributes to making the index more volatile.

The SPX 500 Trade Chart
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