CME Group is set to launch single-stock futures linked to more than 50 U.S. companies on July 27, according to Bloomberg. The lineup will cover names including Nvidia and SpaceX. The contracts will be cash-settled based on the closing price of the underlying stock, and will trade five days a week for 23 hours a day. CME has already partnered with more than 35 retail brokerages for the rollout and said it also plans to market the product to institutional investors. The move expands CME’s offering in equity-linked derivatives by introducing contracts tied to individual companies rather than broader stock indexes or baskets.
Bloomberg reported that CME Group will launch single-stock futures tied to more than 50 U.S. companies on July 27, including Nvidia and SpaceX.
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 brokerages and plans to promote the product to institutional investors.
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