CHICAGO, Sept. 2, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced its August 2014 volume of 826,453, a 32% increase year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,500 equities, including ADRs and ETFs.
August 2014 highlights include:
- Year-to-date volume through August 29 was 6,595,085 up 16% compared to the first eight months of 2013.
- Open interest increased 18% year-over-year to 736,331 contracts on the equity finance exchange at close-of-market, August 29, 2014.
- 811,925 Exchange Futures for Physicals (EFPs) and blocks were traded. August 2014 EFP and block activity represented $4.4 billion in notional value.
- 62% of August 2014 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 08/2014 |
||||||
Type |
08/2014 Avg Daily Volume |
08/2014 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
ETF |
12,994 |
272,883 |
202,872 |
35% |
1,888,336 |
148,111 |
SSF |
26,360 |
553,570 |
424,968 |
30% |
4,706,749 |
588,220 |
Exchange Total |
39,355 |
826,453 |
627,840 |
32% |
6,595,085 |
736,331 |
ABOUT ONECHICAGO
OneChicago (OCX) is the only US equity finance exchange for trading single stock futures and the related EFP. Regulated by the SEC and CFTC, OCX lists approximately 2,800 products, including ADRs, ETFs and OCX.NoDivRisk™ contracts, which include the OCX.Weekly. 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 single stock 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.
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SOURCE OneChicago, LLC
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