OneChicago to expand product range

US single-stock futures (SSFs) trading company OneChicago plans to expand its product suite on Friday (November 22)with 22 more stock listings. It will also introduce futures on ‘Diamonds’ – shares in an exchange-traded fund (ETF) that is designed to track the performance of the Dow Jones Industrial Average.

The new single-stock futures contracts are in addition to the 21 listings posted at the launch of the market on November 8. A spokeswoman for the company – a joint venture between the Chicago Board of Trade, the Chicago Mercantile Exchange and the Chicago Board Options Exchange – said an average of 3,500 contracts per day were traded on OneChicago’s platform in the first six days of business.

Each OneChicago Diamonds contract will represent 100 shares of the underlying ETF. They will be accessed through the electronic platforms CBOEdirect and Globex.

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