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List,
Here's some links to recent developments in Single
Stock Futures:
Final single
stock story - <SPAN
class=620262812-03072002>By Jeremy Grant in Chicago
Trading in single
stock futures in the US moved a step closer to reality on Tuesday when one of
two key regulators studying the instruments approved their use. Single stock
futures - which allow traders to buy and sell futures on specific stocks - have
been banned in the US for the past 20 years. But two years ago Congress gave the
US Commodity Futures Trading Commission and the Securities and Exchange
Commission clearance to come up with a regulatory framework that would allow
them to be re-introduced.
The CFTC said it had
voted unanimously to approve customer margins rules for single stock futures. It
also approved new rules for customer protection. SEC approval is still needed
before trading can start. But James Newsome, CFTC chairman, said he believed
this was possible by mid-July. That would mean trading could start by the end of
August once certain technical formalities had been completed, he told the
Financial Times. <SPAN
class=620262812-03072002><A
href="">http://search.ft.com/search/article.html?id=020702007265&query=futures+trading+exchange&vsc_appId=totalSearch&state=Form
<SPAN
class=620262812-03072002>
CFTC
Approves Rules For Single-Stock Futures
The Commodity
Futures Trading Commission (CFTC) yesterday voted unanimously to approve
<A
href="">http://www.garp.com//newsfeed.asp?Category=6&MyFile=2002-07-03-5090.html
<SPAN
class=620262812-03072002>
CFTC Sets
Stage For Security Futures Launch
<A
href="">http://www.cftc.gov/opa/press02/opa4666-02.htm
<SPAN
class=620262812-03072002>
Take
care,
<SPAN
class=620262812-03072002>
<SPAN
class=620262812-03072002>Steve
<SPAN
class=620262812-03072002>
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