OneChicago to Start Trading Single Stock Futures on the SPDR(R) Gold Trust

CHICAGO, June 2  /PRNewswire/ -- OneChicago, LLC, the only US based exchange for trading Single Stock Futures (SSF), a synthetic stock lending and financing tool, today announced that it will launch for trading on Tuesday, June 3, 2008, a SSF contract on the Exchange Traded Funds ("ETFs") shares of the SPDR(R) Gold Trust (Sym: GLD). This action comes after the issuance of an Exemptive order for this product by the Commodity Futures Trading Commission ("CFTC") on May 30, 2008. The SPDR(R) Gold Trust listing will add to OneChicago's growing roster of SSFs on ETFs, which includes the DIAMONDS(R) Trust Series 1 (Sym: DIA), the Sector Select SPDR(R) Fund (Sym: SPY), the PowerShares QQQ(R) (Sym: QQQQ) and the iShares Russell 2000(R) (Sym: IWM).

(Logo: http://www.newscom.com/cgi-bin/prnh/20020911/ONECHICAGOLOGO)

"Adding these unique products where underlying trading is highly liquid continues OneChicago's strategy of anticipating and meeting our customers needs," commented David G. Downey CEO of OneChicago. He further applauded the "creativity and ingenuity of both the CFTC and the Securities and Exchange Commission by providing a regulatory framework for resolving certain jurisdictional issues in their March 11, 2008 Principles Governing the Review of Novel Derivative Products addendum to their Memorandum of Understanding. This is the first product approval under the MOU and we appreciate the agencies cooperative spirit."

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. The Comparison Calculator can be found at http://www.onechicago.com/.

About OneChicago:

The Exchange lists almost 800 futures on single stocks and 35 Exchange Traded Funds. 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(R) 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 the OneChicago Web site. 

http://www.newscom.com/cgi-bin/prnh/20020911/ONECHICAGOLOGO

http://photoarchive.ap.org/

DATASOURCE: OneChicago



CONTACT:  OneChicago, [phone]



Web site:  http://www.onechicago.com/ 

Copyright