The Commodity Futures Modernization Act of 2000 was welcome legislation for the futures industry; recognizing its growth, value and maturity over the previous several decades.
The OCX.Weekly futures will be available to trade for six days. The product is scheduled to list on Fridays and then expire the following Friday at the close of trading.
The weekly futures product will enable market participants to establish or reestablish stock positions within five business days after substituting a stock position for a legally binding contract.
In dismissing the case, the City of Providence acknowledges that OneChicago is not involved in the activity which is the subject of the complaint, which charges the defendants with diverting billions of dollars to themselves.
A lot of folks—many who should know better—have jumped on the controversy surrounding HFT that erupted with the publication of Lewis’ book and accepted some pretty serious charges as fact.
The OCX.Weekly futures will be available to trade for six days. The product is scheduled to list on Fridays and then expire the following Friday at the close of trading.
