are notice registered to trade Single Stock Futures and Narrow-Based Indices
The Commodities Futures Modernization Act of 2000 amended the Commodity Exchange Act to allow trading of futures contracts on individual equity securities and narrow-based indices
of equity securities.
With this new capability, SunGard customers will be able to trade OneChicago single stock futures and narrow-based indices
immediately upon OneChicago's launch, expected later this year.
Penson Becomes an Early Leader Among Securities Broker/Dealers in Providing Access to Trade Single Stock Futures and Narrow-Based Indices
OneChicago, LLC today announced seven new narrow-based indices
on which it will list futures contracts when trading at the Exchange begins later this year.
CME), and Chicago Board of Trade (CBOT(R)) for trading single-stock futures and narrow-based indices
Single stock futures are futures on individual stocks and narrow-based indices
Futures on narrow-based indices
are scheduled for launch in February 2003.
The Exchange is listing futures on narrow-based indices
as well, which are already listed on the OneChicago Web site at http://www.
Rainer said, "OneChicago is ready to offer futures on individual stocks and narrow-based indices
When trading begins later this year, OneChicago will list futures contracts on over 80 stocks and 15 narrow-based indices
By offering flexibility in clearing organizations to our customers, OneChicago will enable firms to incorporate single stock futures and narrow-based indices
more easily into their existing business processes," said William J.