OneChicago Announces July 2014 Trading Volume Increase of 39% Year-Over-Year - WICU12 HD WSEE Erie, PA News, Sports, Weather, Events

OneChicago Announces July 2014 Trading Volume Increase of 39% Year-Over-Year

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SOURCE OneChicago, LLC

-Average July block trade size was 452 (45,200 share equivalent)

CHICAGO, Aug. 1, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced its July 2014 volume of 811,260 a 39% increase year-over-year. 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.   

OneChicago is an equity finance exchange providing a marketplace for trading security futures and the related exchange for physical. OCX lists approximately 2,000 products, including ADRs, ETFs and OCX.NoDivRisk 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 including equity swaps, equity repos and stock loan/borrow transactions.

July 2014 highlights include:

  • Year -to-date volume through July 31 was 5,768,632, up 14% compared to the first seven months of 2013.
  • Open interest increased 10% year-over-year to 672,136 contracts on the equity finance exchange at close-of-market, July 31, 2014.
  • 801,943 Exchange Futures for Physicals (EFPs) and blocks were traded. July 2014 EFP and block activity represented $4.0 billion in notional value.
  • 58% of July 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 07/2014

Type

07/2014 Avg Daily Volume

07/2014 Total Volume

Previous Year Monthly Volume

% Change

YTD Total Volume

Month End Open Interest

ETF

14,559

320,297

175,106

83%

1,615,453

135,056

SSF

22,317

490,963

407,575

20%

4,153,179

537,080

Exchange Total

36,875

811,260

582,681

39%

5,768,632

672,136

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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