CME Group is set to launch single-stock futures on July 27, according to Bloomberg, adding contracts tied to more than 50 U.S. companies including Nvidia and SpaceX. The contracts will be cash-settled based on the closing price of the underlying stock. Trading will run five days a week for 23 hours each day. CME has already partnered with more than 35 retail brokers for the rollout and plans to market the product to institutional investors as well. The move expands CME’s offering in equity-linked derivatives with a product aimed at both retail distribution channels and professional market participants.
CME Group will launch single-stock futures on July 27 covering more than 50 U.S. companies, including Nvidia and SpaceX, according to Bloomberg.
The contracts will be cash-settled using the closing price of the underlying stock. They will trade five days a week for 23 hours a day. CME has already partnered with more than 35 retail brokers and plans to promote the product to institutional investors.
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