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Single Stock Futures Contract Specs

Last Updated on November 7, 2002

Contract Specifications

Contract Size	100 shares of underlying security
Minimum Price Fluctuation (Tick Size)	$0.01 x 100 shares = $1.00
Regular Trading Hours	9:15 a.m. - 4:00 p.m. Eastern Time
Position Limits	None prior to the last five trading days prior to expiration. During the last five trading days, either 13,500 net contracts or 22,500 net contracts (long or short) as per CFTC requirements.
Daily Price Limits	None
Reportable Position Level	200 Contracts
Contract Months	Two quarterly expirations and two serial months trade at all times for a total of four expirations per product class. OneChicago follows the quarterly cycle of March (H), June (M), September (U), and December (Z). The serial months traded are the two nearest months that are not quarterly expirations.
Expiration Date / Last Trading Day	Third Friday of contract month or, if such Friday is not a business day, the immediately preceding business day
Settlement / Delivery	Physical delivery of underlying security on third business day following the Last Trading Day
Depository for Underlying Security	DTCC

Additional Information

Margin Requirements	Initial and maintenance margin requirement of 20% of the cash value of the contract. Certain offsets may apply
Short Sale Advantages	No uptick required to initiate a short position. No stock borrowing costs or risks.
Clearing and Settlement	Trades executed at OneChicago are cleared and settled by the Options Clearing Corporation (OCC) or by Chicago Mercantile Exchange Inc. (CME).
U.S. Government Regulator	OneChicago is jointly regulated by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).

Contact us for more information or call us : 1-800-542-1022
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