OneChicago Changes Fee Structure to Reduce Transaction Friction When Opening and Closing Positions

-75% reduction in execution fees of the OCX.NoDivRisk product suite

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Sep 29, 2014, 12:00 ET

CHICAGO, Sept. 29, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced beginning October 1, 2014 OneChicago will reduce execution fees by 75% from the current $20 per $1 million to $5 per $1 million dollar executed notional value for all OCX.NoDivRisk^® product suite which is composed of the "1D" contracts and the recently launched OCX.Weekly products.

"Market participants looking to increase their investment yields by reducing their financing costs are very sensitive to transaction fee frictions" according to David Downey, OneChicago CEO. "Our fee reduction to five one-hundredths of a basis point will make establishing and rolling expiring Security Futures positions one of the most attractive means to carry equity delta exposure in individual equities as well as ETFs."

Details of the new fee structure for:

OCX.NoDivRisk Product Suite

Reduced execution fees for the OCX.NoDivRisk product suite, which includes our "1D" and our OCX.Weekly Products
Discontinuance of reduced execution fee for the closing leg of OCX.NoDivRisk block rolls
Increased carry fee for the OCX.NoDivRisk product suite, which includes our "1D" and our OCX.Weekly Products

OCX.Original ("1C") Product Suite

Execution fees and carry fees for the OCX.Original product suite ("1C") will remain at the current fee structure. The current reduced fee for the offsetting leg of a block roll will also remain.

Please see the below table for an overview of the updated fee schedule.

Description	Product	Rate	Charged to
OCX.Original Execution Fee	All OCX.Original SSF and Futures on Narrow Based Indexes (NBI's)	2/10^th of a basis point (0.002%) of notional value	Executing Firm
OCX.Original Carry Fee	All OCX.Original SSF and Futures on Narrow Based Indexes (NBI's)	1/100^th of a basis point (0.0001%) of notional value per calendar day.	Carrying Firm
OCX.NoDivRisk Execution Fee	All OCX.NoDivRisk SSF	5/100^th of a basis point (0.0005%) of notional value	Executing Firm
OCX.NoDivRisk Carry Fee	All OCX.NoDivRisk SSF	1.6/100^th of a basis point (0.00016%) of notional value per calendar day	Clearing Firm

The change will be effective on October 1, 2014.

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