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You can put your idle cash to work by selling EFPs (Exchange Future for Physical). You would be 'opening' on both legs of the transaction by buying the underlying stock and selling the appropriate number of Single Stock Futures. The combined position will have zero delta exposure to the...

You may want to investigate carrying the short delta via a Single Stock Future. The HTB rate will be reflected in the SSF price but once you enter into the trade the enbedded rate will not change as the SSF cannot be called away and you carry the position until you offset or it expires. Of...

Dividend Trade Volume Dividend trade strategies are transacted by certain market makers who try to capture corporate dividend payments when individual customers leave deep-in-the-money call options unexercised on the day prior to a stock’s ex-dividend date. To capture as much of the...

MNKD is in a special situation and the stock is very hard to borrow. This pressure is priced into the EFP markets which you can view at: http://www.onechicago.com/?page_id=812 Check out the annualized return realized by someone currently long the stock who would like to buy the EFP and...

OneChicago has recently begun to offer a new product, OCX.NoDiv, which is the Single Stock Future (SSF) with the dividend component removed thus eliminating the informational disadvantage that derivative traders have lived under vis-à-vis dividend streams. We will achieve this by treating...

There is an institutional market place for the EFP transactions that is available for IB TWS users. If you are properly permissioned at IB try entering the order through the combo order menu. When prompted for type choose the EFP and direct route to OCX. (Might be ONE). The Bid will show...

The question of OneChicago's volumes is a fair one. Single Stock Futures at OneChicago compete directly with the Stock Loan/Borrow (SLB) process at brokerages. The SLB is a non-transparent and extremely profitable part of their business. These brokerages are OneChicago's...

Kingofshorts is correct. Brokerages cannot lend out fully paid for securities. They generally don't. However Pension Funds do and they get very little in return for the loan while taking on considerable risk and it doesn't have to be. Let's ignore the Pension Funds for now and focus on...

Customers of all sizes can in fact participate synthetically in the lucrative Stock Loan/borrow process without ceding the payments to their brokerage. Exchange Future for Physical (EFP) is a two legged transaction whereby the stock position is sold and the related Single Stock Future is...

Jeb. When selling stock short the brokerage needs to borrow those shares. The Lender demands collateral for the loan. For US stocks it is typically 102% of the value of the security. This 102% in cash is then reinvested by the Lender's agent and the proceeds from this reinvestment are...

The Fed Easing has been a doubled edged sword. Higher rates mean higher costs to borrow which makes SSF much more attactive. With rates on the low side the benefits are still there but to lesser degree. Nonetheless the use of SSF...especially from the short side...is still attractive if...

I am sorry. Perhaps it would be helpful to post the relative links: For the new Quote page: http://www.onechicago.com/?page_id=1289 For the EFP page: http://www.onechicago.com/?page_id=812 The calculator can be accessed from the banner on our home page at: www.onechicago.com Best.

OneChicago has made some enhancements that I would like to bring to your attention. We have released an enhanced version of our SSF comparison calculator which allows greater interaction with the relevant trading variables and displays all contract months in a table format. In addition the...

That is correct. SSF are taxed at short term and are not even given 60/40 treatment like other futures. (As an aside can you all write your congress representatives on this topic) So Buy the QQQQ ETF and buy/sell the SSF ETF. Best.

One alternative you may consider is to purchase a QQQ ETF Single Stock Future. This position will move in tandem with the underlying and at expiration will expire into a long ETF position or you could roll the future out into time. OneChicago offers trading in both the 100 multiplier...

As a reminder OneChicago lists for trading Single Stock Futures on the SPY ETF as well as a number of other ETFs. The SPY ETF can be traded either with a 1000 multiplier or a 100 multiplier. Bids and Offers for all months are available. Best.

Security Futures traded on OneChicago are considered both a security and a future. OneChicago is regulated by both the CFTC and the SEC. Both have significant regulatory oversight of our operations. I will say that in a extraordinary situation the SEC and the CFTC has been very...

To all. The new SEC restrictions are somewhat fluid and have created a great deal of confusion. We have been in contact with the SEC and have received clarification on whether the trading of SSF are in fact affected. Please be aware that the trading of SSF by customers whether buying...

At expiration the two positions will be equal. If you can purchase the SSF at a price less than where you can short the stock (be sure to factor in costs of money and any rebates..positive or negative) then at expiration the combined position will flatten as the long SSF and the short stock...

At expiration of the SSF the position turns into an underlying stock postion. Accordingly at that time the SSF and the underlying price are the same as there is no longer an interest component to be earned (or paid). What is of some interest is that while 95% of futures are offset prior to...