OneChicago Announces Trading Volume for January 2016

- OneChicago finalizing plans for offering Basis Point at Cash Close trading

News provided by

OneChicago, LLC

Feb 01, 2016, 12:05 ET

CHICAGO, Feb. 1, 2016 /PRNewswire/ -- OneChicago, LLC (OCX), a securities finance exchange, today announced its January 2016 volume of 862,488, an increase of 58% 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.   

January 2016 highlights include:

  • Month over Month volume was 862,488, up 58% compared to 2015.
  • Open interest increased 21% year-over-year to 643,975 contracts on the securities finance exchange at close-of-market, January 29, 2016.
  • 58% of January 2016 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.
  • OneChicago's upcoming Basis Point at Cash Close ("BPAC") transactions provides for trades to be executed at the desired basis point difference to the underlying cash close price. BPAC trading allows participants to participate in the cash close liquidity to price and, if appropriate, hedge their OneChicago trades. BPAC trades can be executed at any point during the regular trading session.

Month End Volume and Open Interest - Summary

For 01/2016

Type

01/2016
Avg Daily
Volume

01/2016
Total
Volume

Previous
Year
Monthly
Volume

%
Change

YTD
Total
Volume

Month
End
Open
Interest

ADR

10,636

202,087

135,374

49%

202,087

78,270

ETF

12,099

229,878

126,066

82%

229,878

95,802

SSF

22,659

430,523

285,502

51%

430,523

469,903

Exchange Total

45,394

862,488

546,942

58%

862,488

643,975

ABOUT ONECHICAGO
---------------------------------  
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.

Logo - http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO

SOURCE OneChicago, LLC