SSF / ETF Contract Specifications
Last Updated on October 20, 2009
Note: Certain listings may differ in some respects from standard products. See OneChicago’s Product listings for details.
Contract Specifications
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Contract Size |
100 shares of underlying security |
|
Minimum Price Fluctuation |
$0.01 x 100 shares = $1.00 |
|
Regular Trading Hours for Single Stock Futures |
8:30 a.m. – 3:00 p.m. Central Time |
|
Regular Trading Hours for Futures on ETFs |
8:30 a.m. – 3:15 p.m. Central Time |
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Position Limits for 100 share contracts |
Apply only during the last five trading days prior to expiration: 13,500 or 22,500 net contracts, or Position Accountability (PA), as required by CFTC regulations. |
|
Position Limits for 1,000 share contracts |
Apply only during the last five trading days prior to expiration: 1,350 or 2,250 net contracts, or Position Accountability (PA), as required by CFTC regulations. |
|
Daily Price Limits |
None |
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Reportable Position Level |
200 Contracts |
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Contract Months |
Any calendar month up to two calendar years. |
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Expiration Date / |
Third Friday of contract month or, if such Friday is not a business day, the immediately preceding business day |
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Settlement / Delivery |
Physical delivery of underlying security on third business day following the Expiration Day |
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Depository for Underlying Security |
DTCC |
Additional Information
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Margin Requirements |
Initial and maintenance margin requirement of 20% of the cash value of the contract. Certain offsets may apply. |
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Short Sale Advantages |
No stock borrowing costs or risks. |
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Clearing and Settlement |
Trades executed at OneChicago are cleared and settled by The Options Clearing Corporation (OCC). |
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U.S. Government Regulator |
OneChicago is jointly regulated by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). |