OneChicago plans to launch single stock futures on two exchange traded funds this week as the exchange attempts to grow the US single stock market.
It will offer security futures on Nasdaq 100 ETF and Russell 2000 ETF or IWM on Monday. The contracts compliment OneChicago’s SPDER S&P 500 ETF, or SPY securities futures contract launched in October. The exchange also offers Diamond ETFs securities futures.
“Customers can go in and trade this very highly correlated product that is a security future and is eligible for portfolio margining and subject to the offsets,” said David Downey, CEO...