OneChicago

OneChicago (OCX) operates a marketplace for the trading of Security Futures, including single stock futures (SSFs), a synthetic stock-lending instrument used with a broad range of trading strategies. OCX operates the only SSF exchange in the U.S.

The privately held company is jointly owned by IB Exchange Group, CME Group and the CBOE. The exchange is regulated by the SEC and the CFTC.

OneChicago lists the following three classes of products: OCX.Original futures, OCX.NoDivRisk^TM products, and Narrow Based Index (NBI) futures. Each of these products can be traded electronically on a Central Limit Order Book as block trades or as Exchange for Physicals (EFPs).

The OneChicago trading engine/book runs on CBOEdirect trading technology. Orders are auto-matched on a strict price-time priority basis. The exchange provides OCX.BETSTM, an off-exchange electronic matching system for Block and EFP transactions, to simplify trade reporting. Trades are cleared through the Options Clearing Corporation.

On transactions in SSF, ETF Futures and Futures on NBIs, OneChicago charges the executing firm an execution fee and charges the carrying firm a carry fee. Information regarding other fees assessed by OneChicago is available on the exchange's website.