Discussion in 'Wall St. News' started by mskl, Aug 13, 2020.
If that's the exchange behind Single Stock Futures...I wonder why it never really caught on to the public.
Volume has been extremely pathetic.
strange ... It manages to survive for soo long.
Never had a chance with tight, automated minimum tic size bid/ask spreads in the cash equity markets.
Institutional investors are adequately serviced by investment bank desks. Swaps, Options, Blocks, whatever.
Never knew one existed. What trades there? Single stock futures like @wrbtrader was saying? What's that?
they have tons of things like US single stock futures (starbucks, P&G, Merck, prudential, 3M , facebook ....),
ishares MSCI turkey/spain/italy/singapore/korea, global ftse greece 20 etc etc etc
Dunno', but I guess it is the ability to buy a future on a single stock? Why is this some mystery? Is it a phantom thing that does not exist?
Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously. While stock options contracts and index options expire on the third Friday of every month, all four asset classes expire simultaneously on the third Friday of March, June, September, and December.
Quadruple Witching Explained
Quadruple witching replaced triple witching days when single stock futures started trading in November 2002. Despite the expiration of four contract types, the terms "triple witching" and "quadruple witching" are often used interchangeably..."
Well when no one even knows about it of course the volume would be low. And when the volume is low, the bid/ask spread won't be competitive.
Never heard about single stock futures quite honestly. Pardon my ignorance. This just shows how inadequate their marketing efforts were. Is it any surprise that they are closing down?
many exchanges around the world provide SSF.
why exchanges provide SSF even though volume is so low?
Then exchanges and publish nice nice thick comprehensive brochure showing that they have thousands of products available for trading.
this concept is similar to brokers / trading platform.
they provide thousands upon thousands of (useless) indicators to please the traders.
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