Charles Schwab has announced that Charles Schwab Futures & Forex has launched Single Stock Futures for more than 50 prominent U.S. equities, giving eligible clients a new way to express bullish or bearish views on some of the most widely traded names in the S&P 500® and Nasdaq-100®.

The new contracts are available now on the thinkorswim® trading platforms and are traded on the Chicago Mercantile Exchange (CME). The launch marks a notable step in the revival of single stock futures in the U.S. market, where the product class has seen limited availability since OneChicago — once the primary U.S. venue for single stock futures — ceased operations in 2020. CME's listings have since reestablished the instrument on a major U.S. derivatives exchange, and Schwab's decision to offer them to eligible retail clients reflects growing brokerage participation in the product. Single Stock Futures are cash-settled futures contracts based on the underlying price movement of an individual company at a set future date. Each standard contract represents 100 shares of the underlying stock, offering an alternative to gaining exposure without the complexity of physical share delivery.

According to Schwab, these instruments require less initial capital than buying shares outright while providing direct price exposure. They also enable traders to react to market-moving news around the clock, take long or short positions without stock borrow fees or short-sale restrictions, and trade a stock derivative without option-specific elements such as time decay or other Greeks. The thinkorswim platform suite, which Schwab inherited through its 2020 acquisition of TD Ameritrade, has long been a favored toolset among active retail traders, and the addition of single stock futures extends its derivatives capabilities beyond the index futures that already account for a significant share of the firm's futures volume.

Charles Schwab reported $13.08 trillion in total client assets and 11.9 million daily average trades in Q2 2026.

"Adding Single Stock Futures expands the breadth of our trading offering and strengthens our position as a destination for retail traders," said James Kostulias, Managing Director and Head of Trading Services at Charles Schwab. "With Index Futures already representing about 75% of our futures trading volume, we see strong demand for this next evolution in futures trading, including from traders who have historically traded stocks. Qualified clients can trade Single Stock Futures in their futures account while leveraging the real-time data, research, charting tools, and educational resources available across the thinkorswim platform suite."

Schwab emphasized that investors should understand both the benefits and risks associated with Single Stock Futures before placing a trade. As leveraged products, futures can result in substantial losses — including losses greater than the initial investment — from relatively small price movements, making disciplined risk management essential.