21.   For instance, some brokerage houses bought large amounts of index futures, expecting them to gain as stocks surged.

22.   Gains came on the same day that options on individual stocks and on stock index futures expired, although traders said the expiration had little impact.

23.   Friday is settlement day for December index futures and options.

24.   He might have sold stock index futures to bet in effect that stock prices would fall.

25.   HONG KONG STOCK INDEX FUTURES The Singapore International and Monetary Exchange introduced its Hong Kong stock index futures amid opposition from the Stock Exchange of Hong Kong.

26.   However, Kansas City Value Line stock index futures fared well.

27.   In a rising market, bull funds must aggressively buy back the index futures.

28.   In LONDON, U.K. stocks fell in afternoon trading, tracking a decline in government bonds and equity index futures, traders and analysts said.

29.   In the Kansas City Value Line, stock index futures finished higher after early declines linked to interest rate worries.

30.   In the Kansas City Value Line, stock index futures rose in uneventful trade, said Kirk Vietti, a Value Line trader.