Changes to pre-IPO stock futures expiration dates You repeat | UT Token
Changes to pre-IPO stock futures expiration dates
You repeatedly asked us to change the rules of trading in futures contracts on UTEX so that you could make money by exploiting the differences in stock prices at IPO (or with direct listing) and on the first trading day on the public market.
To meet our users’ needs, we have moved the expiration date of futures contracts in the event of a company’s IPO or direct listing to the 200th day of its offering. Thank you for helping us serve you better!
Important details:
We guarantee a buyback at the offering price for those futures that went into trading before the changes to expiration dates. All you have to do is to submit a sell order on the offering day and at the offering price, and we will execute it.
For the next 200 days after a company gets listed on a stock exchange, trading in its stock futures will continue as before the offering.
UTEX futures prices may differ from the prices at the exchange where these stocks are officially traded. This creates arbitrage opportunities, and we encourage you to make use of them.
In the future, we plan to completely move away from futures expiration so that trading continues indefinitely.
