CHICAGO, June 1, 2017 /PRNewswire/ -- OneChicago, LLC (OCX), a securities finance exchange, today announced its May 2017 volume of 1,524,316 an increase of 46% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.
May 2017 highlights include:
- May 2017 volume was 1,524,316, up 46% year over year.
- May 2017 saw notional value of trading increase 89% to $9.4 billion year over year. The growth was propelled by equity finance participants utilizing spread transactions to transfer relatively expensive equity positions and replace them with delta one equivalent Security Futures.
- OneChicago will soon begin offering serial Friday expirations to allow participants greater flexibility with their term financing needs.
OneChicago (OCX) is the only US equity finance exchange for trading single stock futures, a Delta One product. Regulated by the SEC and CFTC, OCX lists approximately 1,800 products, including ADRs, ETFs and OCX.NoDivRisk® products, which include the OCX.Weekly. Contracts are cleared through the centralized counterparty, "AA+"-rated OCC. OneChicago OCX.NoDivRisk products 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. 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