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Strategies & Market Trends
Single Stock Futures: The Seventh Sign
An SI Board Since March 2002
Posts SubjectMarks Bans
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Emcee:  Gut Trader Type:  Unmoderated
OneChicago LLC today announced plans to list futures on eight narrow-based indices and an additional 41 stocks at launch, expected in the second quarter of 2002. The individual stocks supplement the list of 30 single stock futures OneChicago previously announced.



The indices published today include airlines, biotech, computers, defense, investment banking, oil services, retail and semiconductor components. The new single stock futures to be listed include equities based on those sectors, plus automotive, consumer products, electronics, energy and natural resources, financial services, pharmaceuticals and telecommunications. At least 15 sector-based indices will be available for trading at OneChicago from the outset.



>”With our narrow-based indices and the 71 stocks we have identified to list at start-up, OneChicago will enable trading across a wide spectrum of market sectors,” said William J. Rainer, OneChicago’s Chairman and >Chief Executive Officer. “The result of our ongoing dialogue with customers, this list represents a comprehensive suite of security futures products that will meet our customers’ needs.”



Each of the indices and equities will be assigned to Lead Market Makers (LMMs), who will make continuous two-sided markets in the products. OneChicago’s products will trade electronically on the CBOEdirect system and will also be accessible through GLOBEX®, CME’s electronic trading platform. The products will be physically settled at expiration.



OneChicago LLC is the joint venture created to trade single stock futures and narrow-based indices by Chicago Mercantile Exchange Inc. (CME), Chicago Board Options Exchange® (CBOE®) and Chicago Board of Trade (CBOT®).



The narrow-based indices and their component stocks will be:



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 Corporation (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)




OneChicago also will list futures on the following 41 stocks:





Amgen Inc (AMGN)

AMR Corp/Del (AMR)

Bank Of America Corp (BAC)

Best Buy Company Inc (BBY)

Biogen Inc (BGEN)

Bristol-Myers Squibb Co (BMY)

Broadcom Corp-Cl A (BRCM)

Brocade Communications Sys (BRCD)

Cephalon Inc (CEPH)

Check Point Software Tech (CHKP)

ChevronTexaco Corp (CVX)

Coca-Cola Company (KO)

Emulex Corp (EMLX)

Exxon Mobil Corporation (XOM)

Ford Motor Company (F)

General Motors Corp (GM)

Halliburton Co (HAL)

Home Depot Inc (HD)

Idec Pharmaceuticals Corp (IDPH)

InVision Technologies Inc (INVN)

KLA-Tencor Corporation (KLAC)




Krispy Kreme Doughnuts Inc (KKD)

Merck & Co., Inc. (MRK)

Micron Technology Inc (MU)

Newmont Mining Corp Hldg Co (NEM)

Genzyme Corp - Genl Division (GENZ)

Northrop Grumman Corp (NOC)

Novellus Systems Inc (NVLS)

PepsiCo Inc (PEP)

Procter & Gamble Co (PG)

QLogic Corp (QLGC)

SBC Communications Inc (SBC)

Schlumberger Ltd (SLB)

Sprint Corp-PCS Group (PCS)

Starbucks Corp (SBUX)

Symantec Corp (SYMC)

Tyco International Ltd (TYC)

UAL Corp (UAL)

Verizon Communications Inc (VZ)

Wal-Mart Stores Inc (WMT)

Xilinx Inc (XLNX


onechicago.com
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ReplyMessage PreviewFromRecsPosted
95,000 and change contracts yesterday... ouch. Hard to see how it will turn arounTech Master-1/9/2003
8They certainly are. I've already lost interest in them.Ken Adams-1/9/2003
7"I hope this thread catches on." It may not... SSF's are looking Tech Master-1/9/2003
6I think these things may be attractive to former day traders with accounts < Ken Adams-11/19/2002
5ah - I misinterpreted your meaning of <i>soul</i> -g- mooChallo Jeregy-10/29/2002
4Soulless doesn't imply useless. Single stock futures will prove be a sentineGut Trader-10/29/2002
3I disagree - they will be great sources for hedge funds to jack around with theChallo Jeregy-10/29/2002
2I suspect they will be born without a soul<ng>Gut Trader-10/29/2002
1Single Stock Futures start on Nov 8, 2002: pricegroupetd.com and include thChallo Jeregy-10/28/2002
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