Amid the IPO boom and rising retail trading, traders are getting new tools to bet on popular U.S. stocks

Glonhui July 27｜Investors are about to see a brand new investment tool, allowing them to bet on popular targets from Nvidia to SpaceX without actually buying or selling stocks. CME Group will launch single stock futures on Monday,allowing investors to hedge or speculate on the stocks of more than 50 of the largest US companies. These contracts offer leverage but are not as complex as options and will be cash-settled based on the closing price of the underlying stock. The world's largest derivatives exchange believes that surging retail investment enthusiasm, along with the current IPO boom and limited stock supply, will make single stock futures successful this time. This tool was first launched 24 years ago but failed to gain widespread recognition in the US.