CHICAGO, Feb. 2, 2011 /PRNewswire/ -- OneChicago, LLC ("OCX"), the only US-regulated all-electronic exchange for trading security futures, today reported that 166,145 security futures contracts traded at the exchange in January 2011.
Open interest stood at 322,295 contracts at the end of January 2011.
- 104,738 January futures valued at $358 million were taken to delivery, validating the use of single stock futures as an equity finance product. The January open interest represented 24% of all existing open interest on expiration day.
- 141,667 EFPs and blocks were traded, representing more than $540 million in notional value.
- 30% of January 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.
- Customer demand has driven the listing of more than 475 OCX.NoDiv products.
OneChicago (OCX) is the only US-regulated exchange for trading security futures and the related EFP. OCX lists approximately 1,900 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