Exchange-Traded Fund Futures
Futures on exchange-traded funds (ETFs) bring a new dimension to investing, and futures trading exists on some of the most popular listed ETFs.
ETF Futures*
Applications and Advantages of Single-Stock Futures (695 KB PDF) by Lind-Waldock. Find out more about narrow-based index futures by completing our comprehensive online course. More than 220 pages of instruction in 13 chapters!- PowerShares QQQ Futures
- S&P Depository Receipts Futures
- iShares Russell 2000 Index Futures
- DIAMONDS - SPDRS by OneChicago
Glossary
- Definitions of Stock Futures Terminology – A Quick Reference by Lind-Waldock
Security Futures Order Types
Two order types—All-or-None (AON) and Immediate-or-Cancel (IOC)—are unique to single-stock and narrow-based index futures. However, exchanges offering security futures also accept other orders, such as market, limit, stop, stop limit and stop with limit.
- All-or-None (AON)
This order type specifies both a quantity and price. The order will be filled only if the entire quantity can be filled at the specified price. Thus, no partial quantities will be filled. - Immediate-or-Cancel (IOC)
An IOC order will be presented to the market, filled to the extent possible, and then immediately cancelled. Thus, you may receive partial fills on an IOC.
Useful Links
*Security futures are not suitable for all customers. Before investing in a security futures product, please contact Lind-Waldock at 800-445-2000 for a copy of the required Security Futures Risk Disclosure Statement (requires Adobe Acrobat Reader). There is a substantial risk of loss in trading futures and options. February 2003.
