CME Group on Monday launched cash-settled single-stock futures on 55 U.S. equities, along with micro-sized contracts on 22 names. The contracts include SpaceX, Micron Technology, Nvidia, Tesla and Apple, and trade nearly 24 hours a day on the Globex platform with a one-hour maintenance break. Standard contracts represent 100 shares while micro contracts represent 10 shares, with cash settlement based on the official closing price at expiration. More than 35 retail brokerage partners have characterized this launch as the year’s largest retail growth catalyst. CME said the lineup may be expanded beyond the initial 55 stocks based on customer demand.
Source: Read the original article
