Are SSF products fungible?
Initially, SSFs traded on different American exchanges are not expected to be fungible. That is to say, an SSF product purchased or sold on one exchange must be closed out with an offsetting transaction on that same exchange. For example, only the sale of a futures contract on XYZ Corporation at the CBOE exchange will offset a long XYZ futures contract originally purchased at the CBOE exchange. In time, this is expected to change. What are some of the advantages of trading single stock futures as opposed to stocks? The ease of selling Single Stock Futures enables stock owners to protect their investment against temporary adverse price movement without having to sell their shares. In the case of short selling, futures margins tend to be more favorable and traders don’t have to secure an inventory of the stock they’re shorting. Furthermore, sellers needn’t wait for an uptick for their transactions to be executed. Also, SSFs will enable traders to attempt to profit from price fluctuations
