CHICAGO, Feb. 1, 2013 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced January 2013 volume of 537,739.
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January 2013 highlights include:
- 517.866 Exchange Futures for Physicals (EFPs) and blocks were traded. January 2013 EFPs and blocks activity represented $1.9 billion in notional value.
- 55% of January 2013 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.
- Open interest stood at 587,894 contracts on the equity finance exchange at the end of January 2013, up 55% from January 2012.
ABOUT ONECHICAGO
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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.
SOURCE OneChicago, LLC
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