OneChicago's year-over-year volume skyrockets 02 July 2014Chicago Reporter: Stephen Durham
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OneChicago’s June 2014 trading volume increased 63 percent year-over-year to 1,269,074.
OneChicago is a US Commodity Futures Trading Commission and Securities Exchange Commission regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,500 equities, including American Depository Receipts and Exchange Traded Funds.
OneChicago launched OCX.Weekly products with a 1-day delivery on 20 June 2014. The OCX.Weekly product lists each day of the week, expiring one week later.
Critically, they settle to stock on expiration +1, in contrast to its monthly expirations, which settle to stock on expiration +3.
Open interest increased 8 percent year-over-year to 633,251 contracts on the equity finance exchange at close-of-market, 30 June 2014.
1,254,954 Exchange Futures for Physicals (EFPs) and blocks were traded. June 2014 EFP and block activity represented $6.7 billion in notional value.
56 percent of June 2014 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool, which removes dividend risk for customers carrying equity delta exposure through derivatives.
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