Delta One Expansion, Operational Independence Drive Tech Investment at OneChicago

Equity finance specialist goes in-house with new ticker plant, matching engine

tom-mccabe-onechicago
Tom McCabe, COO at OneChicago

There comes a time in the life of almost every trading venue when the big question of replacing technology pops up.

A few years ago, it was OneChicago's turn. The specialist exchange, founded in 2002, hosts liquidity in single-stock futures, reports privately-negotiated exchange-for-physical (EFP) contracts, and more recently introduced weekly futures as well. It was grappling with an age-old choice: whether to buy or build.

But its leadership was also thinking strategically about ways to

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

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