CHICAGO, June 1, 2017 /PRNewswire/ -- OneChicago, LLC (OCX), a securities finance exchange, today announced its May 2017 volume of 1,524,316 an increase of 46% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.
May 2017 highlights include:
- May 2017 volume was 1,524,316, up 46% year over year.
- May 2017 saw notional value of trading increase 89% to $9.4 billion year over year. The growth was propelled by equity finance participants utilizing spread transactions to transfer relatively expensive equity positions and replace them with delta one equivalent Security Futures.
- OneChicago will soon begin offering serial Friday expirations to allow participants greater flexibility with their term financing needs.
ABOUT ONECHICAGO
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OneChicago (OCX) is the only US equity finance exchange for trading single stock futures, a Delta One product. Regulated by the SEC and CFTC, OCX lists approximately 1,800 products, including ADRs, ETFs and OCX.NoDivRisk® products, which include the OCX.Weekly. Contracts are cleared through the centralized counterparty, "AA+"-rated OCC. OneChicago OCX.NoDivRisk products are utilized for synthetic equity strategies including equity swaps, equity repos and stock loan/borrow transactions. The OneChicago expiring OCX.Weekly spread is economically equivalent to an equity repo or stock loan transaction. For more information, please visit our Website at: http://www.OneChicago.com or contact us at 312-883-3440.
SOURCE OneChicago, LLC
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