OneChicago says that it today traded more than 3,000 contracts (more than 300,000 shares of common stock) and matched 677 trades on its first day of trading security futures. It adds that firms reported that OneChicago’s trading platform was fast and reliable.
“We did several trades. Everything went fine and it was extremely fast. We’ re off to a good start,” says Mark B. Sachs, president of Lind-Waldock, a division of Refco, LLC, a futures commission merchant. “Our fills were instantaneous,” adds Steve Greenberg, president of Alaron Trading, another futures commission merchant.
OneChicago listed futures on 21 stocks. The most actively traded contracts were Microsoft (MSFT), Bank of America (BAC) and Citigroup (C). The unofficial volume total for the day was 3,019 contracts.
“We’re very pleased with the launch and the performance of our systems. It was a gratifying first day and we are excited this market is up and running,” says William J. Rainer, chairman and CEO of OneChicago.