DIAMONDS have been one of the most active products in terms of volume at the Exchange to date. Since their launch on Nov. 22, 2002, 93,400 DIAMONDS contracts have traded, which is equivalent to more than 9.3 million shares.
Futures on the DIAMONDS ETFs at OneChicago have had about a 5-cent bid/ask spread on average in recent weeks. That spread is equal to or tighter than the DIAMONDS ETF traded on the American Stock Exchange about 70% of the time and equal to or tighter than the DIAMONDS ETF traded on the Nasdaq Stock Exchange about 38% of the time, according to a sample taken approximately once a minute throughout the trading day.
DIAMONDS are shares in an exchange-traded fund (ETF) designed to track the performance of the Dow Jones Industrial Average. Each OneChicago contract represents 100 shares of the underlying DIAMONDS ETF.
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. For more information about OneChicago and its products, please access the OneChicago Web site at www.OneChicago.com.
