New futures contracts available through broker dealing accounts
OneChicago is launching cash-settled futures contracts during June based on 15 Dow Jones 'MicroSectors' with five stocks in each index.
The firm is considering adding to the initial list over time to bring the total number of index-futures to the 'mid 20s,' according to Peter Borish, senior managing director of OneChicago.
He said the narrow-index based, cash settled futures with quarterly expiry would fill the hole between broad-index futures and ETF-based futures below them, and single stock
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