Delta One Expansion, Operational Independence Drive Tech Investment at OneChicago

Equity finance specialist goes in-house with new ticker plant, matching engine

tom-mccabe-onechicago
Tom McCabe, COO at OneChicago

There comes a time in the life of almost every trading venue when the big question of replacing technology pops up.

A few years ago, it was OneChicago's turn. The specialist exchange, founded in 2002, hosts liquidity in single-stock futures, reports privately-negotiated exchange-for-physical (EFP) contracts, and more recently introduced weekly futures as well. It was grappling with an age-old choice: whether to buy or build.

But its leadership was also thinking strategically about ways to

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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