Traders are getting a new tool to bet on biggest US stocks

CME Group will launch single-stock futures on more than 50 of the largest US companies, allowing investors to hedge or speculate with leverage simpler than options. The cash-settled contracts will trade 23 hours daily and come in two sizes: 55 standard contracts based on 100 shares and 22 micro futures based on 10 shares, with the micro set including Mag7 tech companies, Micron, Pfizer and Walmart. The exchange is targeting retail traders through more than 35 retail intermediaries, marking a revival of an instrument that previously failed to gain traction after its 2002 debut.