The top five security futures products by volume in December were: DIAMONDS (DIA) with 24,590 contracts traded, Microsoft Corp. (MSFT) with 23,431, Cisco Systems Inc. (CSCO) with 4,593, Amgen Inc. (AMGN) with 4,261 and Merck & Co. Inc. (MRK) with 3,332. Each contract is equivalent to 100 shares of the underlying stock.
The heaviest trading day was Dec. 27, when 11,443 security futures contracts traded at the Exchange. Volume leaders that day included futures on Microsoft (MSFT), Newmont Mining Corp. Holding Co. (NEM) and the DIAMONDS (DIA).Trading in OneChicago security futures began Nov. 8 with 21 single stock futures contracts. Today, the Exchange lists 82 single stock futures as well as futures on the DIAMONDS Trust. Futures on narrow-based indices are scheduled for launch in January 2003.
OneChicago is a joint venture of the Chicago Board Options Exchange (CBOE), Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT). All products listed to date are physically settled at expiration, 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.
