SSF Update

CHICAGO, IL – Oct. 21, 2002 – OneChicago, LLC today announced that it intends to postpone the launch of security futures trading to Nov. 8, pending regulatory approval.

As part of an ongoing program of end-to-end operational testing, OneChicago held a test on Saturday in which 55 firms participated. During a nearly three-hour period, 563,000 test contracts (representing more than 56.3 million shares of common stock) were traded, 241,000 quotes were entered and more than 13,000 transactions were matched. Firms involved reported impressive response times.

Late in the trading session OneChicago observed that bid prices of a few products did not adjust along with corresponding ask prices of those products as they fell below certain price points. This occurred in four of the 72 products tested. OneChicago has identified the cause of the issue, which is expected to be resolved this week.

OneChicago’s technology policy for launch mandates that any code changes, however minor, undergo testing and that the system be frozen for at least one week prior to the start of trading. Consequently, OneChicago is changing its planned launch date for security futures.

Also before trading can begin, the Securities and Exchange Commission (SEC) must approve OneChicago’s customer margin rules. The public comment period on OneChicago’s margin rules expires today and the Exchange expects to receive a ruling from the SEC within the next 14 days.

OneChicago, LLC is the joint venture created to trade futures on single stocks and narrow-based stock indices by the Chicago Board Options Exchange® (CBOE®), Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT®). For additional information about OneChicago and its products, access the OneChicago Web site at www.OneChicago.com

 

2003 ?

 

OneChicago Announces Products for Nov. 8 Launch

CHICAGO, IL – Oct. 30, 2002 – OneChicago, LLC today announced the first single stock futures to be traded at its launch on Friday, Nov. 8, 2002, pending regulatory approval. The Exchange also listed the single stock futures that had not already been revealed to be offered during the first weeks of trading.



OneChicago Chairman and Chief Executive Officer William J. Rainer said, “OneChicago is offering futures on some of the most actively traded stocks from a variety of industries. Our intention is to continually add new products every two weeks until we have a complete menu of 100 security futures offerings.”



The initial product launch, which will trade with December 2002 contracts as the front month, include: Bank of America Corp. (BAC), Best Buy Co. Inc. (BBY), Brocade Communications Systems Inc. (BRCD), Citigroup (C), Dell Computer (DELL), Exxon Mobil Corp. (XOM), General Electric (GE), Goldman Sachs Group Inc. (GS), Hewlett Packard (HPQ), Home Depot Inc. (HD), Johnson & Johnson (JNJ), JP Morgan Chase & Co. (JPM), Merck & Co. Inc. (MRK), Microsoft Corp. (MSFT), Nokia Corp. ADR (NOK), Oracle Corp. (ORCL), Philip Morris (MO), Qualcomm Inc. (QCOM), SBC Communications Inc. (SBC), Schlumberger Ltd. (SLB) and VERITAS Software Corp. (VRTS).



OneChicago also unveiled additional single stock futures not previously announced that will be available for trading in the weeks following the launch. They include: 3M (MMM), Alcoa Inc. (AA), Altera Corp. (ALTR), Boeing Co. (BA), Caterpillar (CAT), Disney Co. (DIS), Dupont (DD), Eastman Kodak (EK), Honeywell Int’l Inc. (HON), International Paper Co. (IP), Maxim Integrated Products Inc. (MXIM), McDonald’s Corp. (MCD), San Disk Corp. (SNDK) and United Technologies Corp. (UTX).



The Exchange is listing futures on narrow-based indices as well, which are already listed on the OneChicago Web site at www.OneChicago.com.



OneChicago is a joint venture of the Chicago Board Options Exchange® (CBOE®), Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT®). All of OneChicago’s products will be electronically traded on the CBOEdirect® match engine and can be accessed through both CBOEdirect® and GLOBEX® platforms. Both single stock futures and futures on narrow-based indices can be carried in either securities accounts or futures accounts.



Trading hours are from 9:15 a.m. to 4:02 p.m. Eastern time.

 

Here's the list of SSF on launch day.


OneChicago
---------------
Bank of America Corp. (BAC)
Best Buy Co. Inc. (BBY)
Brocade Communications Systems Inc. (BRCD)
Citigroup (C)
Dell Computer (DELL)
Exxon Mobil Corp. (XOM) *
General Electric (GE) *
Goldman Sachs Group Inc. (GS)
Hewlett Packard (HPQ)
Home Depot Inc. (HD)
Johnson & Johnson (JNJ)
JP Morgan Chase & Co. (JPM)
Merck & Co. Inc. (MRK)
Microsoft Corp. (MSFT) *
Nokia Corp. ADR (NOK)
Oracle Corp. (ORCL) *
Philip Morris (MO)
Qualcomm Inc. (QCOM)
SBC Communications Inc. (SBC)
Schlumberger Ltd. (SLB)
VERITAS Software Corp. (VRTS)

No. of SSF Listed : 21


NQLX
------
ChevronTexaco (CVX)
Exxon Mobil (XOM) *
Ford Motor (F)
General Electric (GE) *
General Motors (GM)
Honeywell International (HON)
International Business Machines (IBM)
Intel (INTC)
Microsoft (MSFT) *
Oracle (ORCL) *

No. of SSF Listed : 10


* - SSF traded on both exchange

 

What, no THV futures?

 

WHERE IS MY KLAC.



BERT

 

for SSF symbol, just add
"1C" - OneChicago
"1N" - NQLX
after the corresponding Stock Symbol.

eg Microsoft (MSFT) becomes
MSFT1C on OneChicago &
MSFT1N on NQLX

 

http://www.nqlx.com/NQLX/PressRelease/NQLX QQQ release.pdf

http://www.nqlx.com/NQLX/PressRelease/NQLXRussell release.pdf

 

Forget about "No Qs to short at IB"

 

nbi looks interesting, it is really sector futures. Man I wish I was smarter. Or at least I wish I was as smart as I use to think I was, because this looks like some good trading for smart people.