CME Launches Single Stock Futures for Extended Trading Hours
CME Group has introduced cash-settled single-stock futures (SSFs) on 55 U.S.-listed equities, including SpaceX and Micron Technology. These contracts trade nearly 24 hours a day via CME's Globex platform with only one hour of daily maintenance break, allowing investors to take leveraged long or short positions outside regular stock market hours. The SSFs are designed as an alternative to options trading due to their simplicity—avoiding time decay and volatility changes—and require less capital because they trade on margin. Standard contracts represent 100 shares while micro versions cover just 10 shares, broadening accessibility for retail investors. Morgan Stanley analysts noted the launch could be a significant growth driver for retail platforms partnering with CME. CME may expand its SSF offerings based on demand and regulatory standards. The move reflects broader industry trends as exchanges like Kalshi and Coinbase also received approval to offer perpetual futures, signaling potential future expansion of such products in U.S. markets.
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Topics: 24-hour trading cash-settled contracts CME Group single-stock futures