OneChicago selects CBOEdirect trading platform

OneChicago, the joint venture of Chicago’s three derivatives exchanges created to trade single-stock futures, has selected the Chicago Board Options Exchange’s (CBOE) screen-based system, CBOEdirect, as its trading platform.

OneChicago, a joint venture between the Chicago Mercantile Exchange (CME), the Chicago Board of Trade and CBOE, will operate exclusively as an electronic exchange. Orders can be entered directly through the CBOEdirect electronic platform, or through the CME’s Globex electronic futures trading platform that hooks into CBOEdirect.

The OneChicago venture was conceived to develop electronic trading of single-stock futures, which were banned up until the passing of the Commodity Futures Modernization Act legislation passed by the US Congress in December 2000. Proponents of single-stock futures believe the instruments will bring new efficiencies to securities trading, securities lending and corporate hedging activities.

Related story: CBOE's Walsh emerges as OneChicago ops head.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here