Q1 volume up 67 percent for OneChicago 02 April 2013Chicago Reporter: Jenna Jones
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OneChicago’s Q1 trading volume has increased 67 percent compared with 2012. March 2013 volume of 752,336 also showed an increase of 9 percent year-on-year.
David Downey, CEO at OneChicago, said: “We are continuing to see a dramatic increase in trading volume, indicating further adoption of single stock futures in the US. We would attribute these consistent gains to the increasing use of our NoDivRisk contract and expect to see this trend to continue throughout 2013.”
March 2013 also saw 323,907 futures valued at more than $1.6 billion taken to delivery, emphasising the use of single stock futures as an equity finance tool.
Open interest stood at 569,835 on the equity finance exchange at the end of March 2013.
Finally, 58 percent of March 2013 month-end open interest was in OCX.NoDivRisk products.
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