OneChicago Announces October 2014 Trading Volume

- Year-to-Date 2014 Trading Volume Up 13% as Compared to the First 10 Months of 2013

- Average October Block Trade Size was 308 (30,800 share equivalent)

News provided by

OneChicago, LLC

Nov 03, 2014, 03:30 ET

CHICAGO, Nov. 3, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced its October 2014 volume of 747,797. 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.   

"With the rollout of the new match engine, pricing structure and the innovative weekly futures with the next day settlement feature, October 2014 was a phenomenal month for OneChicago," noted David G. Downey CEO. 

October 2014 highlights include:

  • The exchange successfully rolled out OCXdelta1, a proprietary match engine for the reporting and trading of block size transactions in SSF and the related Exchange Future for Physical (EFP).
  • The exchange began to roll out weekly SSF that will list each day and expire the same day the next week. In addition the new weekly SSF contracts will settle into the physical share the next business day as opposed to the current standard of T+3.
  • The exchange lowered its transaction fees by 75% in October from $20/million to $5/million based on the notional value of the trade.
  • Year-to-date volume through October 31, 2014, was 8,699,033 up 13% compared to the first ten months of 2013.
  • Open interest decreased 3% year-over-year to 598,703 contracts on the equity finance exchange at close-of-market, October 31, 2014.
  • 735,908 SSF were traded on the block and EFP trading system. October 2014 EFP and block activity represented $3.4 billion in notional value.
  • 54% of October 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 10/2014

Type

10/2014 Avg Daily Volume

10/2014 Total Volume

Previous Year Monthly Volume

% Change

YTD Total Volume

Month End Open Interest

ETF

11,376

261,642

290,691

-10%

2,475,085

72,599

SSF

21,063

484,458

457,106

6%

6,223,948

526,104

Exchange Total

32,439

746,100

747,797

0%

8,699,033

598,703

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.

Logo - http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO

SOURCE OneChicago, LLC

Related Links

http://www.onechicago.com

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