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.
"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.
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