Esposito is a 23-year trading veteran on the floor of the Chicago Board Options Exchange® (CBOE®). In addition to trading under the badge of SPO, Esposito has been very active in the committee structure at CBOE and the implementation of that exchange's new hybrid trading system.
William J. Rainer, Chairman and Chief Executive Officer of OneChicago, said, "As we continue to strengthen our focus on the securities markets, Mark brings invaluable insights and first-hand knowledge of how options traders can best utilize futures on single stocks to get cheaper, faster and more efficient hedges to their options positions."
"I believe options traders can use single stock futures as a stock surrogate to create a needed link to the options markets," Esposito said.
OneChicago is a joint venture of the CBOE, Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT®). All products are electronically traded on the CBOEdirect® match engine and accessible through the CBOEdirect and GLOBEX® platforms. All security futures can be traded out of either a securities or a futures account.
The Exchange has a total of 109 products: 94 single stock futures, including futures on the DIAMONDS Trust, and 15 futures on the Dow Jones MicroSector IndexesSM. Last month, 375,463 security futures contracts traded at the Exchange, a 372% increase over March 2003 volume and a monthly volume record for the Exchange.
