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Trading single-stock futures (SSFs)

​What are single-stock futures?

Many local stockbrokers offer SSFs and they are traded on the Derivatives Market. SSFs are issued over the larger shares on the JSE and each SSF covers 100 of the underlying shares. An SSF on Anglo would cover 100 Anglo shares.

The SSF trades during the day and tracks the share price movement of the underlying share. However, because it is a future, there is a gearing impact, which can shorten the shares in most cases.

Gearing is a result of the margin deposit. Shorting is making money as the share price is falling. Both of these are discussed in What are futures and options?​​

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