OneChicago volume rises 30 percent y-o-y 04 December 2013 Chicago Reporter: Georgina Lavers
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Equity finance exchange OneChicago announced that its volume for November 2013 was 629,935—a drop from the 747,797 recorded in October.
However, volume year-on-year increased by 148,211, or 30.77 percent (November 2012 volume: 481,724).
“The record year-to-date volume underscores that the combination of a complex regulatory environment and a market with tighter capital has an increasing number of discerning investors turning to these products as vital components of their overall portfolios,” said David Downey, CEO of OneChicago.
Other November highlights included open interest, which stood at 635,637 contracts on the equity finance exchange at close-of-market, up 19 percent year-on-year.
There were 607,709 Exchange Futures for Physicals (EFPs) and blocks traded, and November 2013 EFPs and blocks activity represented $3.2 billion in notional value.
Fifty-one percent of November 2013 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool, which removes dividend risk for customers carrying equity delta exposure through derivatives.
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