CHICAGO, Jan. 5, 2015 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced its December 2014 volume of 1,087,256, a decrease of 7% year-over-year. Continuing its growth momentum from the previous year, 2014 marked the first year volume exceeded 10 million contracts. 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.
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2014 highlights include:
-- Introduction of OCX.Weekly Futures with next-day settlement
-- Reduction in execution fees by 75% for the OCX.NoDivRisk product suite
-- Launch of new trading platform, OCXdelta1
-- Debut of the new multicast market data feed OCTP with EFP prices and
implied interest rates
December 2014 highlights include:
-- Year-to-date volume through December 31, 2014, was 10,907,977 up 15%
compared to 2013.
-- Open interest increased 32% year-over-year to 646,059 contracts on the
equity finance exchange at close-of-market, December 31, 2014.
-- 1,077,599 blocks and EFPs were traded on OCXdelta1. December 2014 EFP
and block activity represented $5.9 billion in notional value.
-- 58% of December 2014 month-end open interest was in OCX.NoDivRisk(TM)
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 12/2014
-----------
Type 12/2014 Avg Daily Volume 12/2014 Total Volume Previous Year Monthly Volume % Change YTD Total Volume Month End Open Interest
---- ------------------------ -------------------- ---------------------------- -------- ---------------- -----------------------
ETF 9,900 217,808 252,370 -14% 2,898,979 73,880
--- ----- ------- ------- --- --------- ------
SSF 39,520 869,448 921,835 -6% 8,008,998 572,179
--- ------ ------- ------- --- --------- -------
Exchange Total 49,421 1,087,256 1,174,205 -7% 10,907,977 646,059
-------------- ------ --------- --------- --- ---------- -------
ABOUT ONECHICAGO
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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(TM) 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 OCX.NoDivRisk, Exchange Futures for Physical transaction is economically equivalent to a Securities Lending 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 312-424-8520.
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SOURCE OneChicago, LLC
