
CHICAGO, March 1, 2012 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced that a total of 237,197 security futures contracts were traded in the month of February 2012.
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February 2012 Highlights
- 204,835 Exchange Futures for Physicals (EFPs) and blocks were traded. February 2012 EFPs and blocks activity represented more than $1.3 billion in notional value.
- 37% of February 2012 month-end open interest was in OCX.NoDivRisk™ products. The OCX.NoDivRisk product suite is an innovative equity finance tool, which removes dividend risk from the security futures.
- 56,170 February 2012 futures valued at more than $490 million were taken to delivery, emphasizing the use of single stock futures as an equity finance product.
- Open interest stood at 392,732 contracts on the equity finance exchange at the end of February 2012.
OneChicago's OCX.BETS® platform was named a finalist in the annual FTF News Technology Innovation Awards for the Most Efficient Solution for OTC Derivatives Reform. OneChicago's platform offers a transparent, competitively bid/offer, central counterparty cleared market, addressing the mandates set by the Dodd Frank Act for all market participants who trade EFPs. Winners will be announced on Friday, March 16, 2012.
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 312-424-8507.
SOURCE OneChicago
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