CHICAGO, Aug. 1, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced its July 2014 volume of 811,260 a 39% 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.
July 2014 highlights include:
- Year -to-date volume through July 31 was 5,768,632, up 14% compared to the first seven months of 2013.
- Open interest increased 10% year-over-year to 672,136 contracts on the equity finance exchange at close-of-market, July 31, 2014.
- 801,943 Exchange Futures for Physicals (EFPs) and blocks were traded. July 2014 EFP and block activity represented $4.0 billion in notional value.
- 58% of July 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 07/2014 |
||||||
Type |
07/2014 Avg Daily Volume |
07/2014 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
ETF |
14,559 |
320,297 |
175,106 |
83% |
1,615,453 |
135,056 |
SSF |
22,317 |
490,963 |
407,575 |
20% |
4,153,179 |
537,080 |
Exchange Total |
36,875 |
811,260 |
582,681 |
39% |
5,768,632 |
672,136 |
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.
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SOURCE OneChicago, LLC
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