OneChicago Launches Additional SSF Index ETFs
* Reuters is not responsible for the content in this press release.
CHICAGO, Jan. 15 /PRNewswire/ -- OneChicago, LLC the all-electronic
exchange for trading Single Stock Futures (SSF), a synthetic stock lending and
financing tool, today announced that, it launched the trading of SSFs on the
Exchange Traded Funds ("ETFs") of PowerShares QQQ(R) (Nasdaq: QQQQ) and the
iShares Russell 2000(R) (NYSE: IWM). These listings will add to OneChicago's
growing roster of SSFs on ETFs, which includes the DIAMONDS(R) Trust Series 1
(Amex: DIA) and the Sector Select SPDR(R) Fund (Amex: SPY). The DIA contract
has a 100 multiplier while the SPY, QQQQ and IWM all trade with a 1000
multiplier.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020911/ONECHICAGOLOGO)
"Adding these highly liquid products to our platform is part of
OneChicago's strategy of Re-Thinking SSFs," commented David G. Downey CEO of
OneChicago. He noted that, "these new listings permit approved portfolio
margining customers to realize substantial savings on initial margin
requirements for hedged positions utilizing broad based index futures."
Recently OneChicago launched its powerful Comparison Calculator, which
enables users to compare the costs of buying stocks on margin against the
returns for using equivalent SSF positions. This calculator can be found at
http://www.onechicago.com.
About OneChicago:
The Exchange lists 492 futures on single stocks, five Exchange Traded
Funds including 1 ETF of the 100 share size, and seven ETFs of the 1,000-share
size, as well as 10 OneChicago Select Indexes, a series of customer-designed
narrow-based security index futures. OneChicago rules permit block and EFP
trading and a substantial percentage of the Exchange's volume results from
such trades.
OneChicago is a joint venture of IB Exchange Corp., the Chicago Board
Options Exchange Incorporated(R) (CBOE(R)), and CME Group (TM). All products
are electronically traded on the CBOEdirect(R) match engine and accessible
through the CBOEdirect and CME Globex(R) platforms. Security futures can be
traded out of either securities or futures accounts. For more information
about OneChicago and its products, please access http://www.onechicago.com.
SOURCE OneChicago, LLC
OneChicago, +1-312-424-8500
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters