MicroSector Indexes are narrow-based equity indexes that include five of the largest and most actively traded stocks in each sector.
The seven MicroSector Index futures that will begin trading Friday include: Aerospace, Technology Hardware and Equipment, Banks, Electric Utilities, Major Oil Companies, Diversified Industrial and Investment Services. The eight MicroSectors that began trading today are: Biotechnology, Communications Technology, Diversified Financial, Pharmaceuticals, Precious Metals, Retail, Semiconductors and Software. A list of the contract components and their symbols is at the end of this release.
Dow Jones MicroSector Indexes are derived from stocks and ADRs in industry groups and subgroups that comprise the Dow Jones Global Indexes. The top eligible stocks in the industry group or subgroup are selected and ranked by free-float market capitalization, dollar volume and options volume.
Each MicroSector future will begin trading the Sep03 and Dec03 quarterly contracts. The MicroSector futures are approximately equal dollar weighted and cash settled at expiration. Each contract has five different stocks with the total number of shares allocated to each sector equaling $40,000 at selection. The tick value is $5.00.
OneChicago Lead Market Makers for MicroSectors include: TD Bank, TradeLink, Timber Hill (a member of the Interactive Brokers Group), Susquehanna International Group, STAT Capital, Equitec and Chicago Trading Co. Lead Market Makers are obligated to make continuous two-sided markets in their assigned products at OneChicago.
Like all OneChicago products, the MicroSector futures will be electronically traded on the CBOEdirect® match engine and accessible through the CBOEdirect and GLOBEX® platforms. Security futures can be held in either a securities or a futures account.
Historical price data and charts on the MicroSectors are available on OneChicago Analytics,SM a state of the art securities research and analytic system offered through OneChicago's Web site. The service is now available at no charge to registered users of the Exchange's site.
OneChicago is a joint venture of the Chicago Board Options Exchange® (CBOE®), Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT®). For more information about OneChicago and its products, please access the OneChicago Web site at www.OneChicago.com.
The next seven MicroSector futures that will begin trading June 27 are:
| Aerospace (XARO9C) Boeing Co. (BA) General Dynamics Corp. (GD) Lockheed Martin Corp. (LMT) Northrop Grumman Corp. (NOC) Raytheon Co. (RTN) |
Banks (XBNK9C) J.P. Morgan Chase & Co. (JPM) Bank of America Corp. (BAC) Wells Fargo & Co. (WFC) Washington Mutual Inc. (WM) HSBC Holdings PLC ADS (HBC) |
| Electric Utilities (XELC9C) American Electric Power Co. Inc. (AEP) Dominion Resources Inc. (Virginia) (D) FPL Group Inc. (FPL) Exelon Corp. (EXC) Southern Co. (SO) |
Oil Companies, Major (XOIL9C) ChevronTexaco Corp. (CVX) Exxon Mobil Corp. (XOM) BP PLC ADS (BP) Royal Dutch Petroleum Co. ADS (RD) TotalFinaElf ADS (TOT) |
| Industrial, Diversified (XIDD9C) Emerson Electric Co. (EMR) General Electric Co. (GE) Ingersoll-Rand Co. Ltd. Cl A (IR) Illinois Tool Works Inc. (ITW) 3M Co. (MMM) |
Investment Services (XSCR9C) Bear Stearns Cos. (BSC) Morgan Stanley (MWD) Goldman Sachs Group Inc. (GS) Lehman Brothers Holdings Inc. (LEH) Merrill Lynch & Co. Inc. (MER) |
| Technology Hardware & Equipment (XTHQ9C) Dell Computer Corp. (DELL) Hewlett-Packard Co. (HPQ) International Business Machines Corp. (IBM) Network Appliance Inc. (NTAP) QLogic Corp. (QLGC) |
The eight MicroSector futures that began trading June 23 are:
| Biotechnology (XBTC9C) Amgen Inc. (AMGN) Biogen Inc. (BGEN) Genentech Inc. (DNA) IDEC Pharmaceuticals Corp. (IDPH) Medimmune Inc. (MEDI) |
Communications Technology (XCMT9C) Cisco Systems Inc. (CSCO) Juniper Networks Inc. (JNPR) Motorola Inc. (MOT) Nokia Corp. ADR (NOK) Qualcomm Inc. (QCOM) |
| Precious Metals (XPCS9C) AngloGold Ltd. ADR (AU) Barrick Gold Corp. (ABX) Gold Fields Ltd. ADR (GFI) Harmony Gold Mining Co. Ltd. ADR (HMY) Newmont Mining Corp. (NEM) |
Retail (XRTS9C) Home Depot Inc. (HD) Kohl’s Corp. (KSS) Lowe’s Cos. (LOW) Target Corp. (TGT) Wal-Mart Stores Inc. (WMT) |
| Pharmaceutical (XDRG9C) Bristol-Myers Squibb Co. (BMY) Johnson & Johnson (JNJ) Eli Lilly & Co. (LLY) Merck & Co. Inc. (MRK) Pfizer Inc. (PFE) |
Diversified Financial (XFIS9C) American Express Co. (AXP) Capital One Financial Corp. (COF) Citigroup Inc. (C) Fannie Mae (FNM) Freddie Mac (FRE) |
| Semiconductors (XSEM9C) Applied Materials Inc. (AMAT) Intel Corp. (INTC) KLA – Tencor Corp. (KLAC) Maxim Integrated Products Inc. (MXIM) Xilinx Inc. (XLNX) |
Software (XSOF9C) Microsoft Corp. (MSFT) Oracle Corp. (ORCL) PeopleSoft Inc. (PSFT) Siebel Systems Inc. (SEBL) VERITAS Software Corp. (VRTS) |
