CME Updates Rules for Single Stock Security Futures
Published Date: 7/7/2026
Notice
Summary
The Chicago Mercantile Exchange (CME) is bringing back and updating rules to list and manage cash-settled single stock security futures, a type of financial product based on individual stocks. This change affects traders and investors by expanding the types of futures they can trade on CME, with new standards to keep things fair and clear. These rules took effect right after filing on June 29, 2026, so the market can start using them immediately.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 0 costs, 2 mixed.
CME allows cash-settled stock futures
If you trade or invest, the Chicago Mercantile Exchange (CME) adopted rules to list and manage cash-settled single-stock security futures (SFPs), expanding the types of futures available to trade. The rules (including new Chapters 700 and 711) were filed and became effective on June 29, 2026 so the market can begin using them immediately.
New strict numeric listing thresholds
CME's new listing and maintenance rules set numeric eligibility tests for SFPs. Key thresholds include: estimated deliverable supply over 20,000,000 shares; initial minimum market capitalization of $100,000,000,000 and maintenance minimum of $50,000,000,000; initial ADVT at least $450,000,000 over the prior six months (or $1,000,000,000 over the prior month if listed under six months); and maintenance ADVT at least $200,000,000 for the prior calendar quarter (or $1,000,000,000 if listed less than a quarter). The rules also retain other tests such as at least 7,000,000 publicly owned shares outstanding, at least 2,000 securityholders, ETF volume and $3.00/$7.50 price tests for five consecutive business days.
Clearing house corporate-event rules
CME adopted Chapter 701 specifying how the Clearing House will adjust SFPs for corporate events and when final settlement prices are unavailable. The rules say adjustments can cover dividends, splits, rights, mergers, reorganizations, and other events; ordinary cash dividends generally will not trigger adjustments; adjustments become effective on the primary market's ex-date; and every Clearing House determination is conclusive and binding on investors.
Immediate market availability effective date
The CME filed these rule changes and they became effective immediately upon filing on June 29, 2026, allowing market participants to begin listing and trading under the new rules right away. Traders and investors with positions or plans involving SFPs can act under the new framework from that date.
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