OneChicago Announces July 2013 Equity Futures Volume up 58% Year-Over-Year
- OneChicago's July open interest up 36% from July 2012
- Volume continues to build as managed futures community diversifies holdings using single stock futures
CHICAGO, Aug. 1, 2013 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced July 2013 volume of 582,681.
(Logo: http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO)
"The demand from the managed futures community has been very effective in tapping the enormous liquidity available for these Delta One products and we anticipate this accelerating through the end of the year," said David Downey, CEO of OneChicago.
July 2013 highlights include:
- Open interest stood at 611,092 contracts on the equity finance exchange at the end of July 2013, up 36% year-over-year.
- 552,795 Exchange Futures for Physicals (EFPs) and blocks were traded. July 2013 EFPs and blocks activity represented $2.9 billion in notional value.
- 60% of July 2013 month-end open interest was in OCX.NoDivRisk™ products. The OCX.NoDivRisk product suite is an innovative equity finance tool, which removes dividend risk for customers carrying equity delta exposure through derivatives.
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 2,800 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 312-424-8520.
SOURCE OneChicago, LLC
RELATED LINKS
http://www.onechicago.com
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