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Single Stock Futures
Single
Stock Futures are futures contracts on individual stocks or
narrow indicies. Stock Brokers and Futures Brokers are required
to take specific training to offer Single Stock Futures to
clients. Visit www.nfa.futures.org
or www.cftc.gov for regulatory
information.
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| Single
Stock Futures |
- 20%
Margin available
- Electronically
Executed
- No
Up-Tick Rule
- No
Borrowing Costs on Short Sells or margin accounts
- Easier
& Cheaper than a Synthetic Stock
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| Traditional
Stocks |
- 50%
margin levels
- Some
Electronic
- Broker
Dealers charge interest for short sell and margined transactions
- Synthetic
Stock involves dealing with two individual Bids/Offers
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SSF
Contract Specifications
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| Contract
Size |
100
Shares |
| Delivery |
First
2 serial months & Quarterlies at One Chicago
First 5 Quarterlies & 2 serial months at NQ/LX
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| Quotation |
US
Dollars |
| Minimum
Tick |
$.01 |
| Settlement |
Physical
Settlement |
There
is a risk of loss in all trading. To obtain a copy of the
Single Stock Futures Risk Discloser when available e-mail
ssfrisk@pfgca.com
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