OneChicago Announces Trading Volume for July 2015 - Up 44% over a year ago

- Average July Block Trade Size was 347 (34,700 share equivalent)

Aug 03, 2015, 13:30 ET from OneChicago, LLC

CHICAGO, Aug. 3, 2015 /PRNewswire/ -- OneChicago, LLC (OCX), a securities finance exchange, today announced its July 2015 volume of 1,164,177, an increase of 44% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,500 equities, including ADRs and ETFs.

  

July 2015 highlights include:

  • In response to input from the trading community, OCX implemented an enhancement to OCXdelta1, the exchange's matching & trading platform, by integrating competitive block calendar spread markets and regular competitive calendar spread markets to create a single pool of liquidity for new and existing customers to utilize.
  • OCX's pilot program to cap the OCX.NoDivRisk® execution fees at $700 per side per trade began July 1, 2015. The pilot program, which applies to all OCX.Weekly products and all "1D" futures, will continue through at least year-end 2015, and may be extended into 2016.
  • Open interest increased 15% year-over-year to 771,568 contracts on the equity finance exchange at close-of-market, July 31, 2015.
  • Year-to-date volume through July 31, 2015, was 6,706,035, up 16% compared to 2014.
  • 65% of July 2015 month-end open interest was in OCX.NoDivRisk™ products. The OCX.NoDivRisk product suite is an innovative equity finance tool that removes dividend risk for customers carrying synthetic equity delta exposure.

Month End Volume and Open Interest - Summary

For 07/2015

Type

07/2015 Avg Daily Volume

07/2015 Total Volume

Previous Year Monthly Volume

% Change

YTD Total Volume

Month End Open Interest

ADR

11,863

260,993

67,466

287%

1,141,164

98,061

ETF

15,414

339,110

320,297

6%

1,738,543

158,716

SSF

25,640

564,074

423,497

33%

3,826,328

514,791

Exchange Total

52,917

1,164,177

811,260

44%

6,706,035

771,568

 

ABOUT ONECHICAGO

OneChicago (OCX) is the only US equity finance exchange for trading single stock futures and the related EFP. Regulated by the SEC and CFTC, OCX lists approximately 2,800 products, including ADRs, ETFs and OCX.NoDivRisk™ contracts, which include the OCX.Weekly. 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 expiring OCX.Weekly spread is economically equivalent to an equity repo or stock loan transaction.

OCX.NoDivRisk contracts are single stock 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 312-883-3440.

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SOURCE OneChicago, LLC



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