ONECHICAGO UNVEILS SEVEN NEW NARROW-BASED INDICES FOR LAUNCH OF SECURITY FUTURES TRADING
CHICAGO, IL -- August 14, 2002 -- OneChicago, LLC today announced seven new narrow-based indices on which it will list futures contracts when trading at the Exchange begins later this year.
The new indices are comprised of four to six companies in key economic sectors, including Commercial Banking, Computer Networks, Computer Software, Drug Companies, Gold Mining, Pharmacies, and Semiconductor Circuits. These products augment the eight narrow-based indices OneChicago previously announced on Airlines, Biotech, Computer Hardware, Defense, Investment Banking, Oil Services, Retail, and Semiconductor Components.
OneChicago Chairman and Chief Executive Officer, William J. Rainer, said, "Given the current market environment, brokers, fund managers, and other potential users of security futures have expressed increasing interest in sector-oriented trading strategies. Many of our customers have told us of their need for products that provide exposure to the performance of specific industries, and OneChicago narrow-based indices provide a capital-efficient vehicle for meeting this need."
Using OneChicago narrow-based indices, market participants may increase or decrease portfolio weightings in a focused industry sector with a single trade execution. The products may be used independently or in conjunction with single stock futures and broad-based equity indices to attain tailored market positions.
At launch, OneChicago will list over 80 single stock futures in addition to futures contracts on narrow-based indices. Trading at OneChicago will be entirely electronic.
OneChicago, LLC, is the joint venture created to trade single stock futures and narrow-based stock indices by Chicago Mercantile Exchange Inc. (CME), Chicago Board Options Exchange® (CBOE®), and Chicago Board of Trade (CBOT®). For additional information about OneChicago and its products, access the OneChicago Web site at www.onechicago.com
The new OneChicago narrow-based indices announced today include:
Banks
Bank One (ONE)
SunTrust Banks (STI)
Wachovia Corp (WB)
Wells Fargo (WFC)
Drugs
Abbott Laboratories (ABT)
Bristol-Myers Squibb Co (BMY)
Merck & Co., Inc. (MRK)
Pfizer (PFE)
Schering-Plough (SGP)
Gold
Agnico-Eagle Mines (AEM)
Barrick Gold (ABX)
Newmont Mining Corp Hldg Co (NEM)
Placer Dome Inc (PDG)
Networking
Adaptec Inc (ADPT)
Black Box Corp (BBOX)
Cisco Systems, Inc. (CSCO)
Emulex Corp (ELX)
Juniper Networks (JNPR)
Pharmacies
Biovail Corp (BVF)
Cephalon Inc (CEPH)
Elan Corp ADR (ELN)
MedImmune Inc (MEDI)
Sepracor Inc (SEPR)
Semiconductor Circuits
Altera Corp (ALTR)
Analog Devices (ADI)
Integrated Device Technology (IDTI)
Linear Technology Corp (LLTC)
Maxim Integrated Products (MXIM)
Software
Adobe Systems (ADBE)
Electronic Arts (ERTS)
Microsoft Corporation (MSFT)
PeopleSoft Inc (PSFT)
Siebel Systems, Inc. (SEBL)
Previously, OneChicago announced it would list futures contracts on the following eight narrow-based indices:
Airlines
AMR Corp/Del (AMR)
Continental Airlines Inc. CL B (CAL)
Delta Air Lines (DAL)
Southwest Airlines (LUV)
UAL Corp (UAL)
Biotech
Amgen Inc. (AMGN)
Biogen Inc. (BGEN)
Chiron Corp (CHIR)
Genzyme Corp - Genl Division (GENZ)
Human Genome Sciences (HGSI)
Computers
Apple Computer Inc. (AAPL)
Dell Computer Corporation (DELL)
International Business Machines (IBM)
Research in Motion (RIMM)
Sun Microsystems (SUNW)
Defense
General Dynamics (GD)
Lockheed Martin (LMT)
Northrop Grumman Corp (NOC)
Raytheon Co (RTN)
Investment Banking
Goldman Sachs Group, Inc. (GS)
Lehman Brothers Holdings (LEH)
Merrill Lynch & Co., Inc. (MER)
Morgan Stanley Dean Witter & Co. (MWD)
Oil Services
Baker Hughes Inc. (BHI)
BJ Services (BJS)
Halliburton Co (HAL)
Schlumberger Ltd (SLB)
Weatherford International (WFT)
Retail
Autozone Inc. (AZO)
Best Buy Company Inc. (BBY)
Circuit City Stores (CC)
Home Depot Inc. (HD)
Wal-Mart Stores Inc (WMT)
Semiconductor Components
Broadcom Corp-CL A (BRCM)
Intel Corporation (INTC)
Micron Technology Inc (MU)
Texas Instruments (TXN)
Xilinx Inc (XLNX) |
