OneChicago OCX.Weekly Futures
OCX.Weekly futures will generally be on stocks with high stock loan/borrow rates, a few general collateral names will also be listed.
Product list on Friday and expire the following Friday.
Can be traded on OneChicago’s electronic (EFP) Exchange Future for Physical marketplace, OCX.BETS®
OCX.Weekly futures will trade side by side with the current products that adhere to the standard 3rd Friday of the month expiration cycle.
OCX.Weekly futures can be traded in the CLOB, or through OCX.BETS as an EFP or Block trade.
OCX.Weekly futures can not be traded as a calendar spread in the CLOB.
|Pricing Format||Same as all OneChicago futures. $$$$.CC|
|OneChicago symbol||Stock ticker plus 5C for the first Friday of the month, 6C for the 2nd Friday of the month, 7C for the 4th Friday of the month, 8C for the 5th Friday of the month.|
|Multiplier/Contract Size||Consistent with the regular OneChicago product, either 100 or 1000 shares of the underlying|
|Minimum Price Fluctuation
|$0.01 x 100 shares = $1.00
$0.01 x 1,000 shares = $10.00
|Frequency||Underlying stocks will be announced close of business on Tuesday to list Friday. OneChicago will already trade the traditional future on these products.|
|Listing Cycle||Contract will be eligible for trading on Friday, expiring on the following Friday, for a total of 6 trading days. Each weekly will have a separate ticker symbol.|
|Contract Month||1 contract month|
|Regular Trading Hours for Single Stock Futures||8:30 a.m. – 3:00 p.m. Central Time in CLOB|
|Regular Trading Hours for Futures on ETFs||8:30-3:15 for ETFs in CLOB|
|Regular Trading Hours for OCX.BETS||8:00-4:00 for EFPs and Blocks|
|Expiration Cycle||7 Day|
|Daily Settlement||Normal settlement process. Please note that the settlement price will typically differ from other futures on the same underlying|
|Final Settlement||Normal final settlement process and pricing. Please note that the settlement price will typically differ from other futures on the same underlying. Final settlement will be equal to close price of the underlying on expiration day.|
|Final Settlement/Deliverable||Physical with delivery through DTCC|
Corporate Action Treatment is normal.