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Ron,
There are a total of 4 exchanges slated to trade these contracts. They are:
OneChicago (OneChicago.com), Nasdaq Liffe Markets (NQLX.com), Island Futures
Exchange and the American Stock Exchange.
OneChicago and Nasdaq Liffe Markets are slated to open trading around the
first week of October, the Amex will start the first quarter of 2003 and
Island has not yet announced an opening date for their new futures exchange.
These will be completely electronic except for the AMEX, which will trade
them as zero premium options in their option pit.
There is a ton of information on both of the sites above including the
preliminary lists of contracts to be listed. OneChicago will also list
Narrow-Based Indices. These will be sector indices with 9 or fewer stocks
in each.
Yes they will have a symbol and be listed just like the underlying stocks,
ETF's etc. I do not yet have the symbols for the Single Stock Futures
Contracts, however here are the symbols for the Narrow-Based Indices:
XAIR2C Airlines
XBIO2C Biotech
XBNK2C Banks
XCMP2C Computers
XDEF2C Defense
XDRG2C Drugs
XGLD2C Gold
XINV2C Investment Banks
XNET2C Networking
XOIL2C Oil Services
XRET2C Retail
XRXX2C Pharmacies
XSEM2C Semi - Components
XSFT2C Software
XSMC2C Semi - Circuits
You will need to ask your broker if they intend to market these knew
contracts, not all brokers are going to carry them from day one. There will
be a new disclosure statement your broker will be required to give you
before you can trade in them, otherwise you are pretty much ready to go.
Please let me know if I can answer any more questions.
Regards,
Perry
Futures on Stocks Central
H. Perry Dahm, CPA, CTA
mailto:hpdahm@xxxxxxxxxxxxx
300 Esplanade Drive, 9th Floor
Oxnard, CA 93030
805-981-3928
800-350-8744
-----Original Message-----
From: Ron Augustine [mailto:RonAug@xxxxxxxxxxxxx]
Sent: Monday, September 02, 2002 12:18 PM
To: hpdahm@xxxxxxxxxxxxx
Subject: Single Stock Futures
Hello Perry,
I saw your post to the Omega List -- Just curious if you might have a
WebSite that deals with trading the upcoming Single
Stock Futures? Do you know when these issues will be available for
trading? Is any special arrangement required with an existing Broker (such
as Brown & Co.) or will the new issues just appear like any new Stock
Symbol when they become active?
Thanks very much in advance for any information --
Ron Augustine
____________________________________
At 12:13 PM 09/02/2002 -0700, you wrote:
>Jim,
>
>Are you talking about trading your own funds in the 401k or the funds of
>everyone? A 401k normally is subdivided so that each person has a
>sub-account with which to invest as he or she sees fit.
>
>I have written extensively and teach seminars on trading the upcoming
Single
>Stock Futures inside of retirement plans, including 401k's, IRA's and
>regular pension funds. These contracts may be traded in a normal
securities
>account, rather than going through a trust company to trade traditional
>commodity futures.
>
>We have a seminar coming up in Chicago on September 28th and I would be
glad
>to talk to you further about this.
>
>Thanks,
>
>Perry Dahm
>
>
>Futures on Stocks Central
>H. Perry Dahm, CPA, CTA
>mailto:hpdahm@xxxxxxxxxxxxx
>300 Esplanade Drive, 9th Floor
>Oxnard, CA 93030
>805-981-3928
>800-350-8744
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