
OneChicago Announces Trading Volumes for July 2012
- Block volume in the first seven months of 2012 surpassed more than 2.5 million contracts, exceeding all blocks activity in 2011
- July 2012 Exchange Futures for Physicals (EFPs) were up 55% from June 2012
- Open interest steadily increasing in 2012, up 28% as compared to December 2011
CHICAGO, Aug. 1, 2012 /PRNewswire/ -- OneChicago, an equity finance exchange, today announced that July 2012 volume of 369,694 was up 219% percent year-over-year compared with July 2011.
(Logo: http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO)
July 2012 highlights include:
- 352,479 Exchange Futures for Physicals (EFPs) and blocks were traded. July 2012 EFPs and blocks activity represented $2.1 billion in notional value.
- 45% of July 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.
- 87,920 of July 2012 futures valued at more than $558 million were taken to delivery, emphasizing the use of single stock futures as an equity finance product.
- Open interest stood at 449,284 contracts on the equity finance exchange at the end of July 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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