CHICAGO, June 2, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced its May 2014 volume of 521,746, a -52% decrease 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.
May 2014 highlights include:
- Open interest stood at 557,781 contracts on the equity finance exchange at close-of-market, May 30, 2014.
- 513,118 Exchange Futures for Physicals (EFPs) and blocks were traded. May 2014 EFPs and blocks activity represented $2.9 billion in notional value.
- 50% of May 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 05/2014 |
||||||
Type |
05/2014 Avg Daily Volume |
05/2014 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
ETF |
7,982 |
167,621 |
277,494 |
-40% |
1,056,657 |
76,879 |
SSF |
16,863 |
354,125 |
817,122 |
-57% |
2,631,641 |
480,902 |
Exchange Total |
24,845 |
521,746 |
1,094,616 |
-52% |
3,688,298 |
557,781 |
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.
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SOURCE OneChicago, LLC
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