Record-Breaking Volume on OneChicago in 2013

- Total 2013 volume tops 9.5 million, an increase of 48% over prior year levels

Jan 02, 2014, 12:00 ET from OneChicago, LLC

CHICAGO, Jan. 2, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced December 2013 volume of 1,174,205 and a total volume of 9,515,194 for full-year 2013.

(Logo: http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO)

"It is very simple – lowering your cost structure provides higher yields and a competitive advantage. Customers using the security futures products are able to carry equity positions on much more favorable financing terms than traditional margin loans while allowing the customers to capture the benefit from the value of the position in the securities lending markets. 2013 was a breakout year for the product as customers began to grasp this concept," said David Downey, CEO of OneChicago. "In addition, CTA participation increased dramatically as we were successful in introducing the futures side of the world to the vast liquidity pools on the equity side. We anticipate this will expand in the years to come."

December 2013 highlights include:

  • Open interest stood at 489,272 contracts on the equity finance exchange at close-of-market.
  • 1,155,399 Exchange Futures for Physicals (EFPs) and blocks were traded. December 2013 EFPs and blocks activity represented $5.7 billion in notional value.
  • 49% of December 2013 month-end open interest was in OCX.NoDivRisk™ products. The OCX.NoDivRisk product suite is an innovative equity finance tool, which removes dividend risk for customers carrying equity delta exposure through derivatives.

Month End Volume and Open Interest - Summary

For 12/2013

Type

12/2013 Avg Daily Volume

12/2013 Total Volume

Previous Year Monthly Volume

% Change

YTD Total Volume

Month End Open Interest

ETF

12,018

252,370

281,930

-10%

2,772,658

84,302

SSF

43,897

921,835

1,009,632

-9%

6,742,536

404,970

Exchange Total

55,915

1,174,205

1,291,562

-9%

9,515,194

489,272

 

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 312-424-8520.

SOURCE OneChicago, LLC



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