Search results

Well if you are able to borrow SHLD and short it without paying any fees then you should and immediately purchase either the Sept , Oct or Dec SSF. As of 1:20pm CT the following prices are observed in SHLD: Stock: 86.17 at 86.23 Sep SSF 84.33 at 84.71 OCT SSF 82.29 at 82.85...

These rates are subject to change intraday and sometimes quite significantly. Your brokerage firm may not know what they will have to charge you. I don't know. What is clear is that no brokerage will lend to you if they can get more money from lending to someone else. Brokerages are not...

There is no such thing as a free lunch. While it is possible to borrow SHLD there is a price to be paid in the form of negative rebate. This cost of borrowing the shares will have the effect of lowering your net selling price. This must be taken into consideration. As a point of...

OneChicago Single Stock Futures are all cleared at the Options Clearing Corporation or the Chicago Mercantile Exchange Clearing house. These entities stand in between the buyer and the seller acting as counterparty to both subsequent to the trade. Their role is to ensure performance by both...

There is a very simple solution that has been presented to the regulators but has not been acted upon. Today there is no penalty for failing to deliver stock to the DTCC on time. Accordingly firms face no downside for failing. The solution then would be to impose a fine for each fail...

When you short a stock money flows into your account from the proceeds. 100% of this PLUS another 2% is pledged as collateral for the borrowed stock. In addition you then have a margin requirement at your brokerage. In your example having 50K in an account is not the issue. In the...

Aside from our Narrow Based Indices which are settled in cash all other SSF do in fact settle into long or short CUSIP positions. This is a feature and not a bug. EUREX does in fact offer SSF trading settling in cash but we have no plans to adapt our contracts. Best

Our plan is to list more of the hard to borrow names but there is a problem. Marketmakers are subject to the same locate process as everyone else (more or less) and are therefore reluctant to expose themselves to risk. We have minimum bid/ask requirements for the marketmakers and given the...

Ok let me take a stab at it. There are two types of stocks in the stock loan world. General Collateral (GC names) and Specials (hard to borrows. In General Collateral names you have to post 102% of the value of the stock to borrow it. That collateral is reinvested and the brokerage will...

Position rolling, dividend plays and pairs trading were major contributors. VSH1C 17,852 PM1C 15,000 ADCT1C 13,796 KMB1C 12,276 TLAB1C 11,918 LUV1C 10,207 KFT1C 9,000 TXN1C 8,902 ADI1C 7,988 GLW1C 7,572 3900+ transaction across 256 names. Liquidity is not always described in...

OneChicago traded 238,316 SSFs today. Of the total 202,221 traded on the Central Limit Order Book....our match engine. This Book volume is the highest level we have experienced. There have been posts that have question whether there is any liquidity on OneChicago. I have responded that our...

QCOM is the symbol for Qualcomm Stock. That entry is for the SSF on the Qualcomm Stock itself. No relation to the QQQQ ETF or index. QQQQ1C on that page is the 1000 multiplier SSF on the ETF. QQQM1C is the 100 multiplier SSF on the same ETF. Best

I don't know how all the front end systems handle it but it should be QQQQm. We brought the mini contracts up last week so volumes have been low to date. You can find daily figures on the OneChicago website: http://www.onechicago.com/?page_id=10 OneChicago trades both quarterly and...

That is corrrect. OneChicago has listed and is now trading both the 1000 and the 100 multiplier contracts on the SPY, QQQQ and IWM ETFs. The symbols for the 100 multiplier contract have an 'm' added to the symbol: spym, qqqm, iwmm. Best

Or as an alternative you can short the Single Stock Future on the QQQQ ETF in either a 1000 multiplier or a 100 multiplier. Both have two sided markets being made by marketmakers. Best

Just a note that OneChicago will be listing for trading as of tomorrow 'mini' contracts on the QQQQ, IWM and SPY ETFs. As mentioned in past posts we currently list the contracts with a 1000 multiplier which some of you felt was too big. Accordingly these smaller contracts might be a better...

OneChicago, LLC, the only US based exchange for trading Single Stock Futures (SSF), a synthetic stock lending and financing tool, today announced that it will launch for trading on Tuesday, June 3, 2008, a SSF contract on the Exchange Traded Funds ("ETFs") shares of the SPDR(R) Gold Trust (Sym...

I would just like to point out that as an alternative you may be able to achieve the same delta postion by taking an alternative path and selling a Single Stock Future on the stock. This would give you the same exposure without the possibility of having the borrowed stock recalled. In addition...

A list of brokers can be found at: http://www.onechicago.com/?page_id=45 In addition to that list all brokers and FCMs who either have connectivity to the CBOE or to Globex will also have access to OneChicago. You should ask. SSF are the only future in America that does not have Sec...

We have decided to list 'mini' contracts for our SPY, IWM and QQQQ ETF futures. Currently we list these products with a 1000 multiplier and the second week of June we will be bringing up the above products with a 100 multiplier. Best