| Contract Specifications |
| Contract Size |
100 shares of underlying security |
| Minimum Price Fluctuation(Tick Size) |
$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 DIAMONDS ETF |
8:30 a.m. - 3:15 p.m. Central Time |
| Position Limits |
Apply only during the last five trading days prior to expiration: either 13,500 net
contracts or 22,500 net contracts as required by CFTC regulations. Click
here to download a list of position limits for OneChicago SSFs (CSV format). |
| Daily Price Limits |
None |
| Reportable Position Level |
200 Contracts |
| Contract Months |
Two quarterly expirations and two serial months, for a total of four expirations per
product class. OneChicago follows the quarterly cycle of March (H), June (M), September
(U), and December (Z). The serial months traded are the two nearest months that are not
quarterly expirations. |
| Expiration Date /Last Trading Day |
Third Friday of contract month or, if such Friday is not a business day, the
immediately preceding business day |
| Settlement / Delivery |
Physical delivery of underlying security on third business day following the
Expiration Day |
| Depository for Underlying Security |
DTCC |
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| Additional Information |
| Margin Requirements |
Initial and maintenance margin requirement of 20% of the cash value of the contract.
Certain offsets may apply |
| Short Sale Advantages |
Sell short on a downtick (no uptick rule). No stock borrowing costs or risks. |
| Clearing and Settlement |
Trades executed at OneChicago are cleared and settled by the Options Clearing
Corporation (OCC) or by Chicago Mercantile Exchange Inc. (CME). |
| U.S. Government Regulator |
OneChicago is jointly regulated by the Commodity Futures Trading Commission (CFTC) and
the Securities and Exchange Commission (SEC). |
