OneChicago's First Quarter 2013 Trading Volume Increases 67% Compared with 2012

- OneChicago's March Open Interest up 47% from March 2012

News provided by

OneChicago, LLC

Apr 01, 2013, 01:30 ET

CHICAGO, April 1, 2013 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced March 2013 volume of 752,336, an increase of 9% compared with the same period in 2012.

(Logo: http://photos.prnewswire.com/prnh/20020911/ONECHICAGOLOGO)

"We are continuing to see a dramatic increase in trading volume, indicating further adoption of single stock futures in the US," said David Downey, CEO at OneChicago. "We would attribute these consistent gains to the increasing use of our NoDivRisk contract and expect to see this trend to continue throughout 2013."

March 2013 highlights include:

  • Open interest stood at 569,835 contracts on the equity finance exchange at the end of March 2013.
  • 716,031 Exchange Futures for Physicals (EFPs) and blocks were traded. February 2013 EFPs and blocks activity represented $3.5 billion in notional value.
  • 58% of March 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.
  • 323,907 of March 2013 futures valued at more than $1.6 billion were taken to delivery, emphasizing the use of single stock futures as an equity finance tool.

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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