OneChicago Announces Trading Volume for January 2014 - NEWS10 ABC: Albany, New York News, Weather, Sports

OneChicago Announces Trading Volume for January 2014

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SOURCE OneChicago, LLC

-- Security futures volume on the exchange up 14% year-over-year

CHICAGO, Feb. 3, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced January 2014 volume of 613,613.

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

"Our customers are finding value in carrying their equity positions using the capital efficiency provided by single stock futures", said Tom McCabe, COO at OneChicago. "Customers are learning that the Delta One single stock future is a more capital efficient substitute for the underlying stock without the variable risk of options or the counterparty exposure of OTC swaps."

The announcement follows closely OneChicago's launch of OCX.Weekly Futures, part of the exchange's OCX.NoDivRisk™ futures product suite. Pending regulatory approval, OneChicago will be releasing its physically settled OCX.Weekly futures product with next day settlement for the stock delivery upon expiration.                                                                                                              

January 2014 highlights include:

  • Open interest stood at 582,396 contracts on the equity finance exchange at close-of-market, January 31, 2014
  • 600,027 Exchange Futures for Physicals (EFPs) and blocks were traded. January 2014 EFPs and blocks activity represented $2.7 billion in notional value.
  • 46% of January 2014 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 01/2014

Type

01/2014 Avg Daily Volume

01/2014 Total Volume

Previous Year Monthly Volume

% Change

YTD Total Volume

Month End Open Interest

ETF

7,509

157,688

207,154

-24%

157,688

70,771

SSF

21,711

455,925

330,585

38%

455,925

511,625

Exchange Total

29,220

613,613

537,739

14%

613,613

582,396

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.

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