OneChicago’s David Downey on Single Stock Futures
VIDEO: David Downey, chief executive officer of OneChicago, talks about single stock futures to Institutional Investor Senior Editor Jay Akasie.
By Jay Akasie
Single stock futures have been a useful financial tool and hedge against financial turbulence ever since President Clinton signed the Commodity Futures Modernization Act in 2000 allowing these contracts to be traded for the first time. But SSFs have really come into their own during the past five years, according to David Downey, chief executive officer of OneChicago, a firm that offers a wide array of SSFs as part of its array of more than 2,000 financial products. Downey recently spoke to Institutional Investor about the advantages of trading these futures and how the market has changed to accommodate them. Jay Akasie