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CME US Single Stock Futures Make a Grand Debut! Go Long or Short on Hot US Stocks with One Click

US stock trading upgraded! Seize the right timing for individual stock moves with one app.

Futu is committed to providing customers with an exceptional trading experience. To meet investors' needs for more flexible US stock strategies,CME US Single Stock Futures are now officially live!You can now trade simultaneously within the same account:US underlying stocks, options,as well asCME Single Stock Futures—express your bullish or bearish views on popular US stocks in a more efficient way.

CME has launched its first batch of cash-settled single stock futures, covering 55 standard contracts and 22 mini contracts, with underlying stocks including $NVIDIA (NVDA.US)$ 、 $Tesla (TSLA.US)$ 、 $Apple (AAPL.US)$ 、 $SpaceX (SPCX.US)$Among the core assets most closely watched on Wall Street.

Click to view US single-stock futures quotes now >>

In the past, options for efficiently trading based on views of US stock directions were relatively limited.

Buying underlying shares,ties up significant capital, and shorting involves borrowing costs and restrictions;

Trading options,requires managing time decay and changes in implied volatility, with a high barrier to entry for strategies;

while trading index futures makes it difficult to precisely bet on individual companies.

Now, by trading CME US single-stock futures via Futu, you can directly express your views on individual stock movements with lower margin requirements and simpler bullish/bearish logic—No need to borrow shares, no time decay, unaffected by options' implied volatility, and supporting near 24/7 trading, allowing the Asian session to closely track US stock market highlights.

Not sure where to start? Futubull has compiled this beginner's guide to single-stock futures for you. We recommend saving it~

Single-stock futures are now live! How to enable trading?

Unlock CME single-stock futures trading in just a few simple steps.Please update Futubull to the latest version first,Then choose based on your situation:

Click the link to enable futures trading immediately >>

Enable single-stock futures trading privileges

Please ensure you hold a Margin Account before enabling.

Note: Currently, only margin securities accounts can enable futures trading privileges; cash accounts are not supported at this time.

Activation Process:

Complete the futures derivatives trading assessment, along with the introduction to derivatives knowledge and risk disclosure, to activate your single-stock futures trading permissions.

If you have previously activated other types of futures (such as HK or US index futures), you generally do not need to repeat the assessment and risk disclosure. You can directly use the single-stock futures features.

Method 1: Access via the Market entry point to activate permissions while monitoring market conditions.

Open the Futubull App and tap"Market" → "Futures" → "US Futures" → "Stock Futures"to enter the correspondingsingle-stock futures underlying assetpage, where you can browse stock information andMarket Conditionsdata simultaneously. If permissions are not yet activated, clicking "Trade" will automatically trigger an activation guide—simply follow the prompts to complete the process easily. View trends, activate permissions, and place trades seamlessly.

Method 2: Search proactively for instant setup

Enter "Activate Trading Types" or any supported futures contract in the search bar to access the activation guide page, and follow the prompts to complete the futures permission activation.

For details, please refer to:How to Trade Futures and Futures Options on Futu

Important Notes:You must first hold a Futu Securities account before activating futures trading privileges. Futures are high-leverage products; please fully understand the risks before participating. The specific list of tradable contracts and margin requirements are subject to the real-time display in the App.

Deposit Funds into Futures Account

Direct deposits into the futures account are not supported.You can first deposit funds into your securities account, then use the fund transfer feature within the App to move funds from your securities account to your futures account for individual stock futures trading.

Click to claim new user futures rewards >>

Easy Start: A Guide to Trading US Stock Single-Stock Futures

Once activated, congratulations! You've unlocked a new toolkit for US stock trading!

Next, Futubull will guide you through the details of single-stock futures trading—what you can buy, when to buy, and how it differs from underlying stocks and options.

Tradable Assets

The initial product launch features market data for CME-listed55 standard single-stock futures(each contract representing approximately 100 shares of the underlying stock) and22 micro single-stock futures(each contract representing approximately 10 shares of the underlying stock), allowing fellow investors to easily monitor single-stock futures market conditions.

In addition to the "Magnificent Seven" and core semiconductor stocks, it also includes other hot stocks that have recently drawn significant market attention. $Micron Technology (MU.US)$ 、 $SpaceX (SPCX.US)$ Whether you want to trade trends in large-cap tech stocks or use micro contracts for more precise position sizing, you can now make flexible choices within a single account.

Currently, only a subset of the underlying assets is available for trading. The list of tradable assets will be expanded over time. Please refer to the tradable list within the Futu App for specific details.

Note: Single-stock futures are cash-settled contracts, settled at the official closing price of the stock upon expiration. Holding these positions does not confer equity ownership in the company, nor does it require physical settlement.

Trading Hours

This is one of the most attractive features of single-stock futures—near 24/7 trading. The schedule generally runs from Sunday evening to Friday afternoon (Eastern Time), with only about a one-hour daily maintenance window.

The trading hours for US single-stock futures are as follows:

– Trading Session:

Sunday 6:00 p.m. – Friday 5:00 p.m. (Eastern Time)

Monday 6:00 a.m. – Saturday 5:00 a.m. (Beijing Time)

– Daily Maintenance Window:

5:00 p.m. – 6:00 p.m. (Eastern Time, trading suspended during this period)

5:00 a.m. – 6:00 a.m. (Beijing Time, trading suspended during this period)

For Hong Kong investors, even when the US cash equity market is closed, you can still react quickly to earnings reports and major news during most hours, without having to wait for the market open to adjust your positions. Please pay attention to order placement and position management around the daily maintenance window.

(Specific trading hours and maintenance times are subject to the exchange and App displays.)

How does it differ from underlying stocks and options?

In simple terms:

want toLong-term stock holding drives corporate growth → Underlying stocks are more suitable；

want toTrade volatility and structural strategies → Options offer greater flexibility；

Looking to reduce time decay? Express bullish or bearish views on individual stocks simply, efficiently, and around the clock. → Single-stock futures are worth watching

Core Trading Rules (Key Highlights)

– Contract Size: A standard contract corresponds to 100 shares; some popular stocks also offer mini contracts, where one mini contract corresponds to 10 shares, making them more suitable for small-capital trial trading (subject to real-time display in the App).

– Quotation: Quoted in USD, minimum tick size0.01 points, value per tick1 US dollar

– Settlement: Cash settlement; no physical delivery of stocks. Holding a position does not represent ownership of company equity.

– Listing upon expiration: Listed quarterly (March, June, September, December), typically with contracts for the nearest two consecutive quarters listed.

– BTIC: BTIC (Basis Trades at Index Close) is supported for all listed contract months, facilitating strategies related to market close.

– Unified Account Experience: Securities and futures can be managed within the same app. Direct deposits into futures accounts are not supported; funds must be transferred from your securities account.

Futures are high-leverage products. Please ensure you maintain sufficient margin buffer and set appropriate stop-loss orders and position limits. The actual tradable stocks, margin requirements, and order rules are subject to the real-time display in the app.

Trading fees

Futu Futures Trading is committed to providing a clear and transparent fee structure. Specific commissions, platform fees, and exchange fees are subject to the fee descriptions in the app and the real-time display on the order page.

Fees for single-stock futures consist of four components: commission, platform usage fee, exchange fee (CME Exchange Fee), and regulatory fee. They are charged at two stages (unit: USD/contract):

1. Trading Stage:Charged upon opening or closing positions

2. Cash Settlement Stage:Charged upon contract expiration and settlement

The specific fees are as follows:

In other words: For standard trading of one contract, the total transaction fee is approximately $3.61 per contract. If held to expiration and settled in cash, an additional settlement fee of approximately $3.06 per contract applies. Actual charges are subject to the fee schedule in the App and the real-time display on the order page.

Leverage Futubull tools to master the rhythm of single-stock futures

Not sure where to start researching new products? Don't worry, Futu has prepared research and trading tools for you:

🔍 Futubull AI

Unsure which scenarios suit single-stock futures?Ask Futubull AI directly—it quickly generates key research insights, covering stock fundamentals, recent catalysts, and comparisons of bullish/bearish instruments.

Click to ask Futubull AI now >>

For SpaceX stock, what scenarios are suitable for single-stock options versus single-stock futures?

📈 Contract Quote Page

View order book data, candlestick charts, open interest, and correlations with the underlying stock to help you make simultaneous comparisonsPrice Dynamics: Underlying Stocks vs. Futures

📅 Financial Calendar / Corporate Actions

Periods surrounding earnings seasons, key meetings, and macroeconomic data releases are often windows of heightened volatility for individual stocks. Plan ahead using the calendar and seize opportunities with our near-24/7 trading hours.

In the futures module, you can continue to enjoy a familiar order placement experience and risk management tools, helping you manage leveraged positions more steadily.

FAQ

Q: Can single-stock futures and US underlying stocks be used interchangeably?

A: Not entirely. Underlying stocks represent company ownership and entitle you to shareholder rights; single-stock futures are derivatives used for price risk management or directional trading, featuring cash settlement and expiration dates. As these instruments serve different purposes, please choose based on your own objectives.

Q: Why is it considered "simpler" than options?

A: The profit and loss of single-stock futures changes roughly linearly with the stock price,without the time decay associated with options, nor is it directly affected by changes in implied volatility, making price movements more intuitive. However, futures involve leverage and margin risks, so they are not necessarily "lower risk."

Q: Who are micro contracts suitable for?

A: Investors who wish to test the waters with smaller notional principal, finely control their positions, or avoid exposing themselves to the risk of standard contracts (approximately 100 shares) at once should prioritize micro contracts.

Q: Why can't I see the entry point for single-stock futures?

A: Please confirm that the App has been upgraded to the latest version and that you have activated futures trading permissions. If you still cannot see it, try logging out and logging back in, or check for updates in the app store.

Q: Why am I unable to activate single-stock futures?

A: Please confirm that you hold a Margin Account and have activated futures trading permissions. Cash accounts do not currently support activation. You must also complete the futures derivatives trading assessment and risk disclosure; if you have previously activated other types of futures (such as HK or US index futures), you typically do not need to repeat the assessment and risk disclosure.

Q: Can I deposit funds directly into a futures account?

A: No. Futures accounts do not support direct deposits. Please deposit funds into your securities account first, then transfer the funds to your futures account via internal transfer.

Q: I have already activated index futures; do I need to undergo the assessment again?

A: Generally, no. If you have completed the activation for other futures categories, the relevant assessments and risk disclosures are usually already done, allowing you to trade single-stock futures directly (subject to the actual prompts in the App).

Q: Why can some single-stock futures only be viewed for market conditions but not traded?

A: CME single-stock futures have recently gone live. We are actively working on expanding access to various contracts, with trading support rolling out starting in August 2026. Different types will be opened in batches, so stay tuned. If you find that certain contracts are temporarily unavailable for trading, it is because they are still in the process of being listed. We will complete the listing as soon as possible. Please refer to the real-time display in the App for the specific list of tradable stocks.

Q: Will shares be automatically settled upon expiration?

A: No. CME US single-stock futures are cash-settled. Upon expiration, the cash difference is settled based on the official closing price of the stock; there is no physical delivery of shares.

Q: What happens if there is insufficient margin?

A: When your account risk ratio hits the platform's risk control threshold, you may be required to deposit additional margin. In extreme cases, positions may be forcibly liquidated. Please ensure you maintain a sufficient buffer and set appropriate stop-loss orders and position limits.

Q: How is trading liquidity during Asian hours?

A: Single-stock futures support near-24/7 trading, but liquidity and spreads may vary across different sessions. Trading is typically more active during major US stock news windows. Please pay attention to order book depth and the risk of slippage.

Do fellow investors have any other thoughts or questions about CME US single-stock futures?Feel free to leave a comment, and Futubull will answer your questions~

Disclaimer

Futubull is a one-stop financial investment and trading platform, with securities services provided by Futu Securities International (Hong Kong) Limited. Futures are high-risk investment products that may result in losses exceeding the initial margin. This information is for reference only and does not constitute, nor should it be regarded as, an offer, solicitation, invitation, or recommendation to buy or sell any investment products, nor as a basis for investment decisions. It should not be interpreted as professional advice. All third-party logos, brands, or trademarks displayed on the screen are used for identification purposes only and remain the property of their respective owners. Images are for illustrative purposes only and do not constitute any investment advice or guarantee. Before making any investment decisions, readers should fully understand the associated risks as well as the relevant legal, tax, and accounting implications and consequences. They should determine whether an investment is suitable for their personal financial situation and investment goals, and whether they can bear the associated risks, seeking appropriate professional advice when necessary. Activities are subject to terms and conditions.

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