What is SPX-500 PIP Move Equivalent to? - What's One Pip Equal to for SPX500 Index?

As a stock indices trader you as a stock indices trader can use following specs for SPX-500 to calculate:

• Pips Value of SPX500 - calculate value of the Pips in terms of USD

• Spread Size of SPX-500 - calculate value of SPX500 spread in terms of USD

Details for SPX500 Index:

Average SPX-500 Spread - 0.9

Lowest SPX500 Spread - 0.7

1 Pip - 0.01

Contracts and Details - SPX500 Index

Margin Requirement Per 1 Lot for SPX-500 is - $12 dollars

Value per 1 Pip(Point) for SPX500 is - $ 0.1

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