CHICAGO, Oct. 4, 2011 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced that a total of 182,157 security futures contracts were traded in the month of September 2011.
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September 2011 Highlights
- 124,698 September 2011 futures valued at more than $670 million were taken to delivery, emphasizing the use of single stock futures as an equity finance product.
- Open interest stood at 349,731 contracts on the equity finance exchange at the end of September 2011.
- 32% of September 2011 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.
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 2,745 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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