CHICAGO, March 3, 2011 /PRNewswire/ -- OneChicago, LLC ("OCX"), an equity finance exchange trading security futures, today reported that 177,910 security futures contracts traded at the exchange in February 2011.
Open interest stood at 367,720 contracts at the end of February 2011.
- 159,997 EFPs and blocks were traded, representing more than $989 million in notional value, an increase of more than $449 million from January 2011 figures.
- 30% of February 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 (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, equity swaps, equity repos and synthetic stock loan/borrow transactions.
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