SSF / ETF Contract Specifications
Last Updated on July 10, 2013
Note: Certain listings may differ in some respects from standard products. See OneChicago’s Product listings for details.
|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|
|Position Limits||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.|
|Daily Price Limits||None|
|Reportable Position Level||200 Contracts|
|Contract Months||Any calendar month up to two calendar years (typically listing two front months and next two quarterlies).|
|Expiration Date /
Last Trading Day
|For monthly contracts, the third Friday of contract month or, if such Friday is not a business day, the immediately preceding business day. Expiry is at the close of the trading day.
For weekly contracts, the day of the week indicated by the ticker symbol and expiration date. Expiry is at the close of the trading day.
|Settlement / Delivery||For monthly contracts, physical delivery of underlying security on third business day following the Expiration Day.
For weekly contracts, physical delivery of underlying security on first business day following the Expiration Day.
|Depository for Underlying Security||DTCC|
|Margin Requirements||Minimum initial and maintenance margin requirement of 20% of the cash value of the contract. Certain offsets may apply (see link). http://www.onechicago.com/?page_id=119|
|Short Sale||No Reg SHO requirements|
|Clearing and Settlement||Trades executed at OneChicago are cleared and settled by OCC, formally known as The Options Clearing Corporation (OCC).|
|U.S. Government Regulator||OneChicago is jointly regulated by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).|