OneChicago Launching Weekly Futures

CHICAGO, Dec. 15  /PRNewswire/ -- OneChicago announced today that it is planning to launch OCX.Weekly(TM) futures on January 15, 2010.  OCX.Weekly futures have been designed in consultation with market participants to provide the ability to use the synthetic stock loan and financing features of single stock futures and the related Exchange Futures for Physical ("EFP") transaction over a shorter term than monthly single stock futures currently allow.

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The first two OCX.Weekly futures will be on General Electric Company (GE) and Sears Holding Corporation (SHLD).  The futures are scheduled to start trading on January 15 and will expire on January 22, 2010.  The next OCX.Weekly futures will begin trading on January 22 and will expire on January 29, 2010 and so on.

David G. Downey, OneChicago CEO, says "OCX.Weekly futures are the latest addition to the OneChicago offerings.  The beneficial owner community concerned about tying up their assets for long terms can use the OCX.Weekly futures to synthetically loan their stock and the investor community can use the products for short term equity financing arrangements."

  Product Highlights

  --  OCX.Weekly futures will be listed in select names.
  --  Products list on Friday, expire the following Friday
  --  Can be traded on OCX.BETS or on OneChicago's core matching platform,
      CBOEdirect.
  --  OCX.Weekly futures will trade side by side with the current products
      that adhere to the standard 3rd Friday of the month expiration cycle.
  --  Physical delivery into underlying stock




About OneChicago: OneChicago is the only US regulated all-electronic exchange for trading Single Stock Futures ("SSFs").  OneChicago lists approximately 1,775 products, including ETFs.  Contracts are cleared through the centralized counterparty, AAA - rated, Option Clearing Corporation and are regulated by both the SEC and CFTC.  SSFs, a delta one product, are synthetic stock loan/borrow transactions and are an equity-financing vehicle similar to equity swaps.  For more information, please visit our website at: http://www.onechicago.com/. 

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DATASOURCE: OneChicago, LLC



CONTACT:  OneChicago, LLC, [phone]



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

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