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UIC News Tips
University of Illinois at Chicago Office of Public Affairs (MC 288)
601 S. Morgan St., Chicago, IL 60607-7113, (312) 996-3456, www.uic.edu/depts/paff

September 5, 2001 Contact: Jeffron Boynés (312) 413-8702; jboynes@uic.edu



The UIC College of Business Administration's Center for Financial Research and Services and department of finance are sponsoring an invitation-only conference on single-stock futures - a new financial instrument available to market participants.

Conference sessions will cover legal/regulatory issues, the mechanics of futures fair value, an overview of Financial Accounting Standard-133, and views and discussion of the potential for single-stock futures. Included will be a mock trading session on the floor of the Chicago Mercantile Exchange beginning at 3:30 p.m.


Sept. 10
12:30-4:30 p.m.
Reception to follow


Chicago Mercantile Exchange Auditorium
30 S. Wacker Dr.


Single stock futures are a newly approved financial instrument with many potential applications in the United States financial community. However, questions remain regarding its use by financial professionals and individual investors.

On Aug. 29, William Ranier was appointed chairman and chief executive officer of a joint venture to trade single-stock futures by the Chicago Mercantile Exchange, Inc., the Chicago Board Options Exchange and the Chicago Board of Trade. This joint venture of the three exchanges is considered a historic development for Chicago.

Professor Gib Bassett, chair of the UIC department of finance, will host the program. Addresses will be given by Katie Trkla of Foley & Lardner, Richard Sandor of Environmental Financial Products, LLC, Rick Redding of the Chicago Mercantile Exchange, Bruce Domash of the Chicago Board of Trade, and David Boberski, Robert Parks, and Bill Russell of Salomon Smith Barney.

Editors: All media are requested to pre-register for the conference. For details, contact J.B. Kurish, director of the UIC Center for Financial Research and Services, (312) 413-9682; jbkurish@uic.edu

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