Schwab Launches Single Stock Futures

According to Traders Magazine, Charles Schwab Futures & Forex has launched Single Stock Futures for more than 50 high profile U.S. stocks, available now on the thinkorswim® trading platforms and traded on the Chicago Mercantile Exchange (CME). Single Stock Futures are cash-settled futures contracts based on the underlying price movement of an individual company at a set future date. With less initial capital than outright stock ownership, Single Stock Futures offer straightforward price exposure, a way to react to news outside of standard market hours, and the ability to take a short position without stock borrow fees or short-sale restrictions.