Business Editors
CHICAGO--(BUSINESS WIRE)--Aug. 14, 2002
OneChicago, LLC today announced seven new narrow-based indices on which it will list futures contracts when trading at the Exchange begins later this year.
The new indices are composed of four to six companies
OneChicago Chairman and Chief Executive Officer, William J. Rainer, said, "Given the current market environment, brokers, fund managers, and other potential users of security futures have expressed increasing interest in sector-oriented trading strategies. Many of our customers have told us of their need for products that provide exposure to the performance of specific industries, and OneChicago narrow-based indices provide a capital-efficient vehicle for meeting this need."
Using OneChicago narrow-based indices, market participants may increase or decrease portfolio weightings in a focused industry sector with a single trade execution. The products may be used independently or in conjunction with single stock futures and broad-based equity indices to attain tailored market positions.
At launch, OneChicago will list over 80 single stock futures in addition to futures contracts on narrow-based indices. Trading at OneChicago will be entirely electronic.
OneChicago, LLC, is the joint venture created to trade single stock futures and narrow-based stock indices by Chicago Mercantile Exchange Inc. (CME), Chicago Board Options Exchange(R) (CBOE(R)), and Chicago Board of Trade (CBOT(R)). For additional information about OneChicago and its products, access the OneChicago Web site at www.onechicago.com.
The new OneChicago narrow-based indices announced today include:
Banks Pharmacies
Bank One (ONE) Biovail Corp (BVF)
SunTrust Banks (STI) Cephalon Inc (CEPH)
Wachovia Corp (WB) Elan Corp ADR (ELN)
Wells Fargo (WFC) MedImmune Inc (MEDI)
Sepracor Inc (SEPR)
Drugs
Abbott Laboratories (ABT) Semiconductor Circuits
Bristol-Myers Squibb Co (BMY) Altera Corp (ALTR)
Merck & Co., Inc. (MRK) Analog Devices (ADI)
Pfizer (PFE) Integrated Device Technology (IDTI)
Schering-Plough (SGP) Linear Technology Corp (LLTC)
Maxim Integrated Products (MXIM)
Gold
Agnico-Eagle Mines (AEM) Software
Barrick Gold (ABX) Adobe Systems (ADBE)
Newmont Mining Corp Hldg Co (NEM) Electronic Arts (ERTS)
Placer Dome Inc (PDG) Microsoft Corporation (MSFT)
PeopleSoft Inc (PSFT)
Networking Siebel Systems, Inc. (SEBL)
Adaptec Inc (ADPT)
Black Box Corp (BBOX)
Cisco Systems, Inc. (CSCO)
Emulex Corp (ELX)
Juniper Networks (JNPR)
Previously, OneChicago announced it would list futures contracts
on the following eight narrow-based indices:
Airlines Investment Banking
AMR Corp/Del (AMR) Goldman Sachs Group, Inc. (GS)
Continental Airlines
Inc. CL B (CAL) Lehman Brothers Holdings (LEH)
Delta Air Lines (DAL) Merrill Lynch & Co., Inc. (MER)
Southwest Airlines (LUV) Morgan Stanley Dean Witter & Co. (MWD)
UAL Corp (UAL)
Oil Services
Biotech Baker Hughes Inc. (BHI)
Amgen Inc. (AMGN) BJ Services (BJS)
Biogen Inc. (BGEN) Halliburton Co (HAL)
Chiron Corp (CHIR) Schlumberger Ltd (SLB)
Genzyme Corp - Genl
Division (GENZ) Weatherford International (WFT)
Human Genome Sciences (HGSI)
Computers Retail
Apple Computer Inc. (AAPL) Autozone Inc. (AZO)
Dell Computer Corporation (DELL) Best Buy Company Inc. (BBY)
International Business Machines (IBM) Circuit City Stores (CC)
Research in Motion (RIMM) Home Depot Inc. (HD)
Sun Microsystems (SUNW) Wal-Mart Stores Inc (WMT)
Defense Semiconductor Components
General Dynamics (GD) Broadcom Corp-CL A (BRCM)
Lockheed Martin (LMT) Intel Corporation (INTC)
Northrop Grumman Corp (NOC) Micron Technology Inc (MU)
Raytheon Co (RTN) Texas Instruments (TXN)
Xilinx Inc (XLNX)