OneChicago sees OCX.NoDivRisk increase 02 April 2014Chicago Reporter: Mark Dugdale
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More than 40 percent of March month-end open interest was in OneChicago’s OCX.NoDivRisk products, according to the equity finance exchange.
OneChicago offers single stock futures, a delta one product, on approximately 1500 equities, including American depository receipts and exchange-traded funds.
Exchange futures for physicals quarterly volume grew significantly in Q1, reaching a 673 percent increase compared to Q1 2013.
Open interest stood at 572,260 contracts on the equity finance exchange at close-of-market on 31 March. Its volume for the month stood at 1,261,340, a 68 percent increase year-over-year.
“Carrying equity positions synthetically with competitively derived interest rates and without dividend variation risk is an attractive option for savvy market participants,” said David Downey, CEO at OneChicago. “This investment strategy combined with the counterparty protections provided by the OCC is driving our volume growths.”
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