SEC lifts final barrier to single-stock futures trading

Paul Lyon
25 Jul 2002

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SSFs, which are contractual agreements to buy or sell shares of an individual company at a given price on a set future date, could start trading as early as September, according to James Newsome, CFTC chairman. Both the SEC and the CFTC agreed to set minimum margin levels at 20% of current market value.

Two years ago, the US Congress lifted a 20-year ban on SSF trading, authorising trading to commence from August 21, 2001. But work on implementing a regulatory framework, particularly on margining

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