Single Stock Futures, advantage of single stock futures, ssf, security future order types

Single-Stock Futures

Single-stock futures combine the best elements of two popular and useful financial investments—futures trading and stock investing. Find out more with the materials below.

Single-Stock Futures*

Applications and Advantages of Single-Stock Futures (695 KB PDF) by Lind-Waldock. Find out more about narrow-based index futures by completing our comprehensive online course. More than 220 pages of instruction in 13 chapters!
Security Futures (57 KB PDF) This brochure is copyrighted by the National Futures Association, which has granted permission to post it on our Web site. This publication is the property of National Futures Association.
OneChicago: The Exchange for Single-Stock Futures by OneChicago
Treatment of Corporate Events for Single Stock Futures by OneChicago
OneChicago tutorial on understanding Single Stock Futures by OneChicago
Universal Stock Futures – An Introduction for the Private Investor (248 KB PDF)by Euronext liffe
A Guide to Universal Stock Futures by Euronext liffe

Glossary

Definitions of Single-Stock Futures Terminology – A Quick Reference by Lind-Waldock

Security Futures Order Types

Two order types—All-or-None (AON) and Immediate-or-Cancel (IOC)—are unique to single-stock and narrow-based index futures. However, exchanges offering security futures also accept other orders, such as market, limit, stop, stop limit and stop with limit.

All-or-None (AON)
This order type specifies both a quantity and price. The order will be filled only if the entire quantity can be filled at the specified price. Thus, no partial quantities will be filled.
Immediate-or-Cancel (IOC)
An IOC order will be presented to the market, filled to the extent possible, and then immediately cancelled. Thus, you may receive partial fills on an IOC.

OneChicago Calculator

Single stock futures (SSF) can be used as speculative or hedging vehicles with unique characteristics and potential benefits, and provide an alternate method for financing equity transactions. OneChicago’s Single-Stock Futures Calculator can help you quickly and easily calculate and compare the costs involved between an equity stock and a futures position. See which vehicle might make more sense for you. Learn more about the calculator, and try it out yourself!

Useful Links

*Security futures are not suitable for all customers. Before investing in a security futures product, please contact Lind-Waldock at 800-445-2000 for a copy of the required Security Futures Risk Disclosure Statement (requires Adobe Acrobat Reader). There is a substantial risk of loss in trading futures and options. February 22, 2008.