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OneChicago trades one-millionth SSF contract

OneChicago, the joint single-stock futures venture of the Chicago Board Options Exchange, Chicago Mercantile Exchange and the Chicago Board of Trade, traded its one-millionth contract this morning, the exchange said in a statement.

    • John Ferry
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The exchange traded 123,273 contracts in July, its second highest monthly volume after the 218,730 contracts traded in June, a quarterly expiration month. The figures show a steady increase in business following concerns earlier in the year. In January, OneChicago traded 111,500 contracts, but by March this figure had fallen to 79,500 contracts.

In April Peter Borish, director of business development at OneChicago, told Risk that the market was getting off to a slow start. “It’s a new product. It takes time to go out and educate people, to build a business, a product and a brand,” he said.

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