OneChicago Announces March 2014 Trading Volume Increase of 68% Year-Over-Year
- EFP Q1 2014 Volume Up 673% compared with Q1 2013
CHICAGO, April 1, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced its March 2014 volume of 1,261,340, a 68% increase year-over-year. Exchange Futures for Physicals (EFP) quarterly volume grew significantly, reaching a 673% increase compared to Q1 2013. 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.
"Carrying equity positions synthetically with competitively derived interest rates and without dividend variation risk is an attractive option for savvy market participants," said David Downey, CEO at OneChicago. "This investment strategy combined with the counterparty protections provided by the OCC is driving our volume growths."
March 2014 highlights include:
- Open interest stood at 572,260 contracts on the equity finance exchange at close-of-market, March 31, 2014.
- 1,251,445 Exchange Futures for Physicals (EFPs) and blocks were traded. March 2014 EFPs and blocks activity represented $6.5 billion in notional value.
- 44% of March 2014 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 03/2014 |
||||||
| Type |
03/2014 Avg Daily Volume |
03/2014 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
| ETF |
12,163 |
255,425 |
204,669 |
25% |
667,689 |
88,294 |
| SSF |
47,901 |
1,005,915 |
547,667 |
84% |
1,942,478 |
483,966 |
| Exchange Total |
60,064 |
1,261,340 |
752,336 |
68% |
2,610,167 |
572,260 |
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.
Logo - http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO
SOURCE OneChicago
Share this article