OneChicago Announces Trading Volume for October 2013
-Volume increased 76% over October of 2012 driven by managed futures community diversifying holdings using single stock futures.
CHICAGO, Nov. 1, 2013 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced October 2013 volume of 747,797.
(Logo: http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO)
"With the impending capital constraints caused by Basel III, we are seeing evidence of funds being squeezed by their prime brokers. These participants are beginning to understand how to utilize our products as a form of synthetic prime brokerage, giving them access to leverage and financing," said David Downey, CEO of OneChicago.
October 2013 highlights include:
- Open interest stood at 618,050 contracts on the equity finance exchange at close-of-market, October 31, 2013, up 27% year-over-year.
- 728,266 Exchange Futures for Physicals (EFPs) and blocks were traded. September 2013 EFPs and blocks activity represented $ 3.7 billion in notional value.
- 53% of October 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 through derivatives.
| Month End Volume and Open Interest - Summary |
||||||
| For 10/2013 |
||||||
| Type |
10/2013 Avg Daily Volume |
10/2013 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
| ETF |
12,639 |
290,691 |
166,092 |
75% |
2,290,381 |
98,632 |
| SSF |
19,874 |
457,106 |
258,481 |
77% |
5,420,673 |
519,418 |
| Exchange Total |
32,513 |
747,797 |
424,573 |
76% |
7,711,054 |
618,050 |
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.
SOURCE OneChicago, LLC
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