stock futures are futures with a single stock as the target, which belongs to a kind of stock derivatives. Among stock derivatives, stock index futures and options were born in the early 198s. Stock futures, on the other hand, only began to appear in the late 198s. So far, the trading volume is small and the market influence is small. However, since the 21st century, as a relatively new product, stock futures have attracted more and more attention. In particular, the Universal Stock Futures (USF) launched by the London International Financial Futures and Options Exchange (LIFFE) in the United Kingdom has grown rapidly, and the United States has also made a breakthrough in legislative amendments that hinder stock futures trading.