Lates News

The Chicago Mercantile Exchange Group announced today that it plans to launch single stock futures products this summer, subject to completion of all regulatory reviews and related processes. This new series of products will allow market participants to trade futures contracts on more than 50 leading US stocks in the S&P 500 Index, Nasdaq 100 Index, and Russell 1000 Index, including Alphabet, Meta, Nvidia, and Tesla. All contracts will be cash-settled. Tim McCourt, Global Head of Equities, Forex, and Alternative Products at CME Group, stated: "These contracts will provide investors with a simpler, more cost-effective way to express their views on individual stocks, while also allowing market participants to gain exposure or hedge against potential price fluctuations without directly purchasing stocks." These contracts will be listed on CME and subject to its trading rules.