OneChicago Equity Futures Volume Jumps Again Year-over-Year
-Volume Up 49% Month-over-Month driven by managed futures community diversifying holdings using single stock futures
-Volume of 6,963,257 million in the first nine months of 2013, an increase of 64% as compared to the same period last year
CHICAGO, Oct. 1, 2013 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced September 2013 volume of 1,264,283.
(Logo: http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO)
"It is a truism in the markets that volume begets volume. Our year-over-year volume trends have caught the attention of not only commodity traders looking for synthetic access to the equity markets without any dividend risk but also to equity participants looking to reduce balance sheet prior to Basel III implementation," said David Downey, CEO of OneChicago.
September 2013 highlights include:
- Open interest stood at 669,479 contracts on the equity finance exchange at close-of-market, September 30, 2013, up 36% year-over-year.
- Year-to-date volume, as of September represents a record for the exchange, insofar that the volume of 6.9 million has surpassed all of 2012.
- 1,224,885 Exchange Futures for Physicals (EFPs) and blocks were traded. September 2013 EFPs and blocks activity represented $5.6 billion in notional value.
- 59% of September 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.
|
Month End Volume and Open Interest - Summary | ||||||
|
For 09/2013 | ||||||
|
Type |
09/2013 Avg Daily Volume |
09/2013 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
|
ETF |
14,885 |
297,698 |
178,064 |
67% |
1,999,690 |
168,263 |
|
SSF |
48,329 |
966,585 |
669,424 |
44% |
4,963,567 |
501,216 |
|
Exchange Total |
63,214 |
1,264,283 |
847,488 |
49% |
6,963,257 |
669,479 |
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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