OneChicago Announces Appointment of Public Directors

CHICAGO, Feb. 8 /PRNewswire/ -- OneChicago, LLC, the only U.S. based exchange for trading Single Stock Futures, today announced that Dr. Andrew Clearfield, William F. Pridmore and Eric Wolff have been selected by the Board of Directors to be Public Directors effective immediately.  OneChicago CEO, David G. Downey, made the announcement after the conclusion of today's Board Meeting.

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"OneChicago is very pleased that Dr. Clearfield, Mr. Pridmore and Mr. Wolff are joining our Board as Public Directors," remarked Mr. Downey. "These gentleman bring a broad understanding of the financial industry from various viewpoints, which can only help OneChicago offer more efficient products providing stock financing alternatives. We welcome them to the Exchange."

Dr. Clearfield is president of Investment Initiatives, LLC, an investment consultancy based in New Jersey. He retired from TIAA-CREF after having spent more than 25 years with the firm. Dr. Clearfield is a graduate of the University of Pennsylvania and the Boston University School of Law and received his PhD from Harvard University.

Mr. Pridmore is president of William F. Pridmore, Ltd., an institutional trust and commercial banking consultancy in the Chicago area. His area of focus is advising beneficial owners involved in securities lending. He is a graduate of Georgetown University and received his MBA from the University of Chicago.

Mr. Wolff is currently a derivatives market regulatory consultant in Chicago, after retiring from a 31-year career at the CME Group in 2007. Mr. Wolff had a successful career with the CME Group, rising to Managing Director of Regulatory Affairs when he retired. He studied architecture at the Illinois Institute of Technology.

About OneChicago: OneChicago is the only US regulated all-electronic exchange for trading Single Stock Futures ("SSFs"). Presently OneChicago lists approximately 1,776 products, including ETFs.  Contracts are cleared through the centralized counterparty, AAA – rated, OCC and are regulated by both the Securities and Exchange Commission and the Commodity Futures Trading Commission. SSFs, a delta one product, are synthetic stock loan/borrow transactions and are an equity-financing vehicle similar to equity swaps.  For more information, please visit our website at: www.OneChicago.com.  

SOURCE OneChicago, LLC

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