OneChicago Launching Weekly Futures
16 December 2009 - 3:12AM
PR Newswire (US)
CHICAGO, Dec. 15 /PRNewswire/ -- OneChicago announced today that it
is planning to launch OCX.Weekly(TM) futures on January 15, 2010.
OCX.Weekly futures have been designed in consultation with market
participants to provide the ability to use the synthetic stock loan
and financing features of single stock futures and the related
Exchange Futures for Physical ("EFP") transaction over a shorter
term than monthly single stock futures currently allow. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020911/ONECHICAGOLOGO) The
first two OCX.Weekly futures will be on General Electric Company
(GE) and Sears Holding Corporation (SHLD). The futures are
scheduled to start trading on January 15 and will expire on January
22, 2010. The next OCX.Weekly futures will begin trading on January
22 and will expire on January 29, 2010 and so on. David G. Downey,
OneChicago CEO, says "OCX.Weekly futures are the latest addition to
the OneChicago offerings. The beneficial owner community concerned
about tying up their assets for long terms can use the OCX.Weekly
futures to synthetically loan their stock and the investor
community can use the products for short term equity financing
arrangements." Product Highlights -- OCX.Weekly futures will be
listed in select names. -- Products list on Friday, expire the
following Friday -- Can be traded on OCX.BETS or on OneChicago's
core matching platform, CBOEdirect. -- OCX.Weekly futures will
trade side by side with the current products that adhere to the
standard 3rd Friday of the month expiration cycle. -- Physical
delivery into underlying stock About OneChicago: OneChicago is the
only US regulated all-electronic exchange for trading Single Stock
Futures ("SSFs"). OneChicago lists approximately 1,775 products,
including ETFs. Contracts are cleared through the centralized
counterparty, AAA - rated, Option Clearing Corporation and are
regulated by both the SEC and CFTC. SSFs, a delta one product, are
synthetic stock loan/borrow transactions and are an
equity-financing vehicle similar to equity swaps. For more
information, please visit our website at:
http://www.onechicago.com/.
http://www.newscom.com/cgi-bin/prnh/20020911/ONECHICAGOLOGO
http://photoarchive.ap.org/ DATASOURCE: OneChicago, LLC CONTACT:
OneChicago, LLC, +1-312-424-8500 Web Site:
http://www.onechicago.com/
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