OneChicago's OSO Services Help Firms Meet FINRA Obligations

CHICAGO, Oct. 20, 2011 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, announced today the availability of its new Order Sending Organization (OSO) services designed to assist firms that execute point-and-click traded Exchange Future for Physical (EFP) contracts on the OCX.BETS® platform. OneChicago's OCX.BETS order/trade screen and the associated API have been updated to accommodate recently expanded requirements by Financial Industry Regulatory Authority (FINRA).

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OneChicago's execution reports are available in Reportable Order Events (ROE) format. The reports, which are in compliance with rules outlined in the FINRA Order Audit Trail System (OATS) Reporting Technical Specifications, are submitted daily to the regulatory body at approximately 5:30pm ET. The order receiving firms have a secure report directory created on OneChicago's server, allowing access to the submitted OATS records reports. In addition, the reports are designed to help firms trading EFPs eliminate inefficiencies caused by manual processes and reduce operational errors. The OATS OSO service is available for OneChicago clients at no additional cost.

"OneChicago is setting new industry standards for listing derivatives in a transparent way and offering the tools needed in the current marketplace," said David Downey, CEO of OneChicago. "We are always working to make sure our clients are fully compliant with the most up-to-date regulatory changes. Our new OSO service will allow our members to lower operational risk by eliminating various processes associated with reporting."

Market participates can take advantage of our specialized products, such as OCX.NoDivRisk, which reduces divided risk from security futures, as well as, OCX.RiskMan, which is used by clearing firms to set risk controls for each OCX.BETS access point they authorize, reducing exposure to "Fat Finger" trading errors."

Please visit "OATS_OSO" for additional information. Firms interested in using OneChicago's OSO service should contact the exchange at: [email protected] or at 312.424.8507.

ABOUT ONECHICAGO

OneChicago (OCX) is the only US equity finance exchange for trading security futures and the related EFP. Regulated by the SEC and CFTC, OCX lists approximately 2,745 products, including ADRs, ETFs and OCX.NoDivRisk™ contracts. Contracts are cleared through the centralized counterparty, "AA+"-rated OCC. Security futures, a Delta one product, are utilized for synthetic equity strategies including equity swaps, equity repos and stock loan/borrow transactions. The OneChicago OCX.NoDivRisk, Exchange Futures for Physical transaction is economically equivalent to a Securities Lending Transaction.

OCX.NoDivRisk™ contracts are security futures with dividends removed from the pricing as the future's price is adjusted down by the value of the dividend on Ex-date.

For more information, please visit our Website at: http://www.OneChicago.com or contact us at 312-424-8507.

SOURCE OneChicago, LLC

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