CME Group Launches 55 Cash-Settled Single-Stock Futures and 22 Micro Contracts on SpaceX, Micron Technology

CME Group on Monday launched single-stock futures products, including 55 cash-settled contracts on US stocks and 22 micro contracts. These contracts trade on the CME Globex platform, with trading hours from Sunday evening to Friday afternoon, and a one-hour daily maintenance period, allowing investors to react to market events such as earnings reports outside regular US stock market trading hours.

Standard contracts represent 100 shares of the underlying stock, while micro contracts represent 10 shares. The initial contracts cover companies such as SpaceX, Micron Technology, Nvidia, Tesla, and Apple. The contracts are cash-settled, with final settlement based on the stock's official closing price at expiration. These contracts do not represent ownership in the companies.