Onechicago Taps CBOE Direct for Matching Engine
EXCHANGES AND EXECUTION
CHICAGO--Onechicago, the new electronic single-stock futures contract market, has selected CBOE Direct, the screen-based trading system of the Chicago Board Options Exchange, as its matching engine.
CBOE and the Chicago Mercantile Exchange each own 45 percent in Onechicago, while the Chicago Board of Trade has a 10 percent stake.
When Onechicago launches in April, it is expected to carry 50 to 75 underlying stocks, probably those most frequently traded by the three exchanges, a CBOE spokesperson
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