[4] The exchange offered approximately 12,509 single-stock futures (SSF) products[5] with names such as IBM, Apple and Google.
[8] The other exchange, NQLX (owned by Euronext.liffe), closed in December 2004[9] and assigned its remaining contracts to OneChicago.
[6] 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.
An expiring weekly spread is an exchange traded centrally cleared alternative to traditional OTC stock loan and dealer equity repo.
[15] An EFP, as an integrated transaction, has no market exposure risk as the Stock and the SSF have identical delta values.
The two parties to the transaction are simply shifting to an equivalent position on more favorable financing terms.
Privately negotiated, off-exchange EFPs may still be transacted by market participants and then reported on OneChicago's Delta1 (formerly OCX.BETS) platform.