US launch of single-stock futures delayed

OneChicago, the US electronic futures exchange, has postponed the first day of trading of single-stock and narrow-based stock indexes to November 8. The exchange, a joint venture of the Chicago Board Options Exchange, the Chicago Board of Trade and the Chicago Mercantile Exchange, had planned to begin trading in late October.

The reason cited for the delay by OneChicago was a failure to match bids with offers on several contracts in a test trading session with 55 member firms. The exchange identified the problem as minor, but regulatory rules will require a week of further testing once corrections of the demonstrated flaw have been made.

Also pending is final approval of margin rules for equity futures in the US by the Securities Exchange Commission.

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