OneChicago
| Type | Single stock futures exchange |
|---|---|
| Location | Chicago, United States |
| Founded | May 14, 2001 |
| Owner | |
| Key people |
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| Currency | USD |
| No. of listings | 10,321 |
| Volume | 11 million contracts/year (2014) |
| Website | www |
OneChicago is a US-based all-electronic futures exchange with headquarters in Chicago, Illinois. The exchange offers approximately 12,509 (SSF) products with names such as IBM, Apple and Google. All trading is cleared through Options Clearing Corporation (OCC).
The exchange is owned jointly by IB Exchange Group (IB), Chicago Board Options Exchange (CBOE), and CME Group. It is a privately held company that is regulated by both the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The Commodity Futures Modernization Act of 2000 legalized U.S. trading in single-stock futures, and two exchanges began operations in November 2002. OneChicago began as a joint venture of CBOE, the Chicago Mercantile Exchange, and the Chicago Board of Trade. The other exchange, NQLX (owned by Euronext.liffe), closed in December 2004 and assigned its remaining contracts to OneChicago. In 2006, IB bought 40% of OneChicago, with Chicago Mercantile Exchange and CBOE each retaining 24% and the remainder belonging to the Chicago Board of Trade and OneChicago management. (The Chicago Mercantile Exchange and the Chicago Board of Trade merged in 2007 to form CME Group.)
Peter Borish served as Chairman of OneChicago.
It was reported by OneChicago on January 4, 2016 that 1,476,641 contracts traded in December 2015 for a total 2015 volume of 11,714,015, up 7% from the prior year. This was a new yearly volume record for the exchange, and the third record year in a row.
OCXdelta1 is OneChicago’s new proprietary matching and reporting platform. On October 20, 2014, OCXdelta1 replaced OCX.BETS platform for blocks and EFP orders. OCXdelta1 supports both the reporting of bilateral blocks and EFP’s as well as the trading of blocks and newly listed OCX.Weekly products. Trading can be done via OneChicago’s proprietary OCX Trading Platform GUI or an API connection.
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