CHICAGO, May 2, 2011 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange trading security futures, today reported that 331,209 security futures contracts traded at the exchange in April 2011.
Open interest stood at 450,409 contracts at the end of April 2011.
April 2011 Highlights
- 49% of April 2011 month-end open interest was in OCX.NoDiv™ products. The OCX.NoDiv product suite was launched in October 2010 as an innovative equity finance tool which removes dividend risk from the security futures. OneChicago currently lists 924 OCX.NoDiv products.
- 308,531 EFPs and blocks were traded. April's block and EFP activity represented more than $1.4 billion in notional value. Institutional sized volume increased 197% over April 2010.
- 58,076 April futures valued at $278 million were taken to delivery, validating the use of single stock futures as an equity finance product. The April open interest represented 15% of all existing open interest on expiration day.
- OneChicago introduced the trading community to its new fee structure effective May 1, 2011, which highlights the financing benefit of single stock futures.
OneChicago (OCX) is the only US regulated exchange for trading security futures and the related EFP. OCX lists approximately 2,000 products, including ADRs, ETFs and OCX.NoDiv™ contracts. Contracts are cleared through the centralized counterparty, "AAA"-rated OCC, and are regulated by both the SEC and CFTC. 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.NoDiv Exchange for Physical meets the technical requirements of IRS Code §1058.
OCX.NoDiv 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, LLC