Record Volume at OneChicago - June 2015 Up 35% over a year ago
- Volume hits 1,714,378, best month on record
- Average June Block Trade Size was 531 (53,100 share equivalent)
CHICAGO, July 1, 2015 /PRNewswire/ -- OneChicago, LLC (OCX), a securities finance exchange, today announced its June 2015 volume of 1,714,378, an increase of 35% year-over-year and creating a new record for monthly volume. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,500 equities, including ADRs and ETFs.
June 2015 and first half of year highlights include:
- OCX successfully consolidated all products onto OCXdelta1, our proprietary matching and reporting platform and onto the multicast market data ticker plant, OCTP. OCXdelta1 supports the reporting of bilateral blocks and EFP's; as well as the trading of blocks and the newly listed OCX.Weekly products.
- First half of 2015 is the most successful year to date with volume up 12% over last year.
- On June 22, OCX announced a pilot program to cap the OCX.NoDivRisk® execution fees at $700 per side per trade beginning July 1, 2015. The pilot program, which applies to all OCX.Weekly products and all "1D" futures, will continue through at least year-end 2015, and may be extended into 2016.
- OCX has continued to introduce OCX.Weekly® products listing every day of the week expiring one week later and settling to stock on a T + 1 basis upon expiration. We now list weekly futures on 334 stocks including ETFs and MLPs. An expiring OCX.Weekly spread against a deferred OCX.NoDivRisk monthly has the same economics as an OTC stock loan or equity repo transaction with added benefit of exchange traded transparent markets and central counterparty clearing.
- Open interest increased 28% year-over-year to 808,053 contracts on the equity finance exchange at close-of-market, June 30, 2015.
- 67% of June 2015 month-end open interest was in OCX.NoDivRisk™ products. The OCX.NoDivRisk product suite is an innovative equity finance tool that removes dividend risk for customers carrying synthetic equity delta exposure.
| Month End Volume and Open Interest - Summary |
||||||
| For 06/2015 |
||||||
| Type |
06/2015 Avg Daily Volume |
06/2015 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
| ETF |
16,568 |
364,496 |
238,499 |
53% |
1,399,433 |
151,380 |
| SSF |
61,358 |
1,349,882 |
1,030,575 |
31% |
4,142,425 |
656,673 |
| Exchange Total |
77,926 |
1,714,378 |
1,269,074 |
35% |
5,541,858 |
808,053 |
ABOUT ONECHICAGO
---------------------------------
OneChicago (OCX) is the only US equity finance exchange for trading single stock futures and the related EFP. Regulated by the SEC and CFTC, OCX lists approximately 2,800 products, including ADRs, ETFs and OCX.NoDivRisk™ contracts, which include the OCX.Weekly. 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 expiring OCX.Weekly spread is economically equivalent to an equity repo or stock loan transaction.
OCX.NoDivRisk contracts are single stock 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 312-883-3440.
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SOURCE OneChicago, LLC
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