OneChicago completes "record year" 06 January 2015Chicago Reporter: Stephen Durham
Image: Shutterstock
OneChicago’s December 2014 volume stood at 1,087,256, a decrease of 7 percent year-over-year.
Continuing its growth momentum from the previous year, 2014 marked the first year volume exceeded 10 million contracts.
Year-to-date volume through 31 December 2014 was 10,907,977, which was an increase of 15 percent compared to 2013.
Open interest increased 32 percent year-over-year to 646,059 contracts on the equity finance exchange at close-of-market, 31 December 2014.
OneChicago traded 1,077,599 blocks and Exchange Futures for Physicals (EFP) on its OCXdelta1 platform during the month, while EFP and block activity represented $5.9 billion in notional value for the firm.
Fifty-eight percent of December 2014 month-end open interest was in OCX.NoDivRisk products.
During 2014, OneChicago passed a number of milestones that contributed to what it has deemed a “record year”.
These include the introduction of OCX.Weekly Futures with next-day settlement, the reduction in execution fees by 75 percent for the OCX.NoDivRisk product suite, and the launch of its newest trading platform, OCXdelta1.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 