In stock index futures trading, the value of the contract is expressed by the product of a certain amount of money and the underlying index. This certain monetary amount is determined by the contract and is called the contract multiplier. Because the amount is fixed, the futures market only quotes through the points of the index of the contract target. For example, if an index futures contract with a contract multiplier of $250 is quoted as 465,438+00 points by the futures market, it means that the value of a contract is $65,438+002,500. If the index rises by 20 points, it means that the value of a contract has increased by 5000 dollars.