CHICAGO, June 2 /PRNewswire/ -- OneChicago, LLC, the only US basedexchange for trading Single Stock Futures (SSF), a synthetic stock lending andfinancing tool, today announced that it will launch for trading on Tuesday,June 3, 2008, a SSF contract on the Exchange Traded Funds ('ETFs') shares ofthe SPDR(R) Gold Trust (Sym: GLD). This action comes after the issuance of anExemptive order for this product by the Commodity Futures Trading Commission('CFTC') on May 30, 2008. The SPDR(R) Gold Trust listing will add toOneChicago'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), thePowerShares QQQ(R) (Sym: QQQQ) and the iShares Russell 2000(R) (Sym: IWM).
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'Adding these unique products where underlying trading is highly liquidcontinues OneChicago's strategy of anticipating and meeting our customersneeds,' commented David G. Downey CEO of OneChicago. He further applauded the'creativity and ingenuity of both the CFTC and the Securities and ExchangeCommission by providing a regulatory framework for resolving certainjurisdictional issues in their March 11, 2008 Principles Governing the Reviewof Novel Derivative Products addendum to their Memorandum of Understanding.This is the first product approval under the MOU and we appreciate theagencies cooperative spirit.'
Recently OneChicago launched its powerful Comparison Calculator, whichenables users to compare the costs of buying stocks on margin against thereturns for using equivalent SSF positions. The Comparison Calculator can befound at http://www.onechicago.com.
About OneChicago:
The Exchange lists almost 800 futures on single stocks and 35 ExchangeTraded Funds. OneChicago is a joint venture of IB Exchange Corp., the ChicagoBoard Options Exchange Incorporated(R) (CBOE(R)), and CME Group(TM). Allproducts are electronically traded on the CBOEdirect(R) match engine andaccessible through the CBOEdirect(R) and CME Globex(R) platforms. Securityfutures can be traded out of either securities or futures accounts. For moreinformation about OneChicago and its products, please access the OneChicagoWeb site.
SOURCE OneChicago
