CME launches single stock futures enabling investors to trade SpaceX, Micron 23 hours a day
CME Group launched cash-settled single-stock futures on 55 U.S. equities, including SpaceX and Micron Technology, along with micro-sized contracts on 22 names. The contracts trade on CME's Globex platform from Sunday evening through Friday afternoon with a one-hour daily maintenance break, allowing nearly 24-hour trading. Standard contracts represent 100 shares, micro contracts 10 shares. CME says the products offer a simpler way to express bullish or bearish views than options, without time decay or changing implied volatility, and require only margin capital. Morgan Stanley noted over 35 retail partners targeting day-one readiness. The launch comes as perpetual futures on overseas exchanges pose a rising threat to traditional trading, with CFTC recently approving crypto-related 'perps' for Kalshi and Coinbase.
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