OneChicago, LLC (OCX), an equity finance exchange, today announced its June 2014 volume of 1,269,074, a 63% 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.
June 2014 highlights include:
- OCX.Weekly products with 1 day delivery cycle were launched on June 20. The OCX.Weekly product lists each day of the week, expiring one week later. Critically, they settle to stock on expiration +1, in contrast to our monthly expirations which settles to stock on expiration +3.
- Open interest increased 8% year-over-year to 633,251 contracts on the equity finance exchange at close-of-market, June 30, 2014.
- 1,254,954 Exchange Futures for Physicals (EFPs) and blocks were traded. June 2014 EFP and block activity represented $6.7 billion in notional value.
- 56% of June 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 |
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For 06/2014 |
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Type |
06/2014 Avg Daily Volume |
06/2014 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
ETF |
11,357 |
238,499 |
206,833 |
15% |
1,295,156 |
131,583 |
SSF |
49,075 |
1,030,575 |
573,300 |
80% |
3,662,216 |
501,668 |
Exchange Total |
60,432 |
1,269,074 |
780,133 |
63% |
4,957,372 |
633,251 |