OneChicago partners IBM for Web site launch

OneChicago partners IBM for Web site launch

OneChicago and IBM have launched a new Web site designed to facilitate the introduction of security futures to the US financial markets.

OneChicago is the joint venture created to trade single stock futures and narrow-based stock indices by Chicago Mercantile Exchange, Chicago Board Options Exchange and Chicago Board of Trade. When trading begins later this year, OneChicago will list futures contracts on over 80 stocks and 15 narrow-based indices. Trading at OneChicago will be entirely electronic.

The new OneChicago Web site provides traders, brokers, money managers and other investment professionals with detailed information about OneChicago's products and security futures trading. The site will also offer analytic software for researching potential trades and access to a comprehensive database including historical prices for over 3000 securities.

William Rainer, OneChicago chairman and CEO, says: "Our objective for the Web site is to provide a complete resource regarding security futures. We are committed to offering market participants educational materials and research tools for these important new products, and this site will play a key role in that effort."

For the site, IBM deployed a custom-developed technical architecture that integrates OpenSource software components powered by IBM's eServer x330 systems.

IBM will also provide managed Web site hosting services and application management services to ensure the availability of OneChicago's Web services on a 24x7 basis.

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