CHICAGO, Feb. 2, 2011 /PRNewswire/ -- OneChicago, LLC ("OCX"), the only US-regulated all-electronic exchange for trading security futures, today reported that 166,145 security futures contracts traded at the exchange in January 2011.
(Logo: http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO)
Open interest stood at 322,295 contracts at the end of January 2011.
January Highlights
- 104,738 January futures valued at $358 million were taken to delivery, validating the use of single stock futures as an equity finance product. The January open interest represented 24% of all existing open interest on expiration day.
- 141,667 EFPs and blocks were traded, representing more than $540 million in notional value.
- 30% of January 2011 month-end open interest was in OCX.NoDiv™ products. The OCX.NoDiv product suite was launched in October 2010 as an innovative equity finance tool, which removes dividend risk from the security futures.
- Customer demand has driven the listing of more than 475 OCX.NoDiv products.
ABOUT ONECHICAGO
OneChicago (OCX) is the only US-regulated exchange for trading security futures and the related EFP. OCX lists approximately 1,900 products, including ADRs, ETFs and OCX.NoDiv™ contracts. Contracts are cleared through the centralized counterparty, "AAA"-rated OCC, and are regulated by both the SEC and CFTC. Security futures, a Delta one product, are utilized for synthetic equity strategies, equity swaps, equity repos and synthetic stock loan/borrow transactions.
OCX.NoDiv 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 312-424-8507.
SOURCE OneChicago, LLC
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