OneChicago reports December volume
04 January 2011 Chicago
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OneChicago, LLC (“OCX”), the only US regulated all-electronic exchange for trading security futures, today reported that 637,012 security futures contracts traded at the Exchange in December 2010, up 83% over December 2009. Total 2010 volume was 4,971,160; up 67% from 2009.
Open interest stood at 360,336 contracts at the end of December 2010.
December Highlights
December was the highest monthly volume for 2010, up 190% over November, 2010
225,318 December futures valued at $954 million were taken to delivery, validating the use of single stock futures as an equity finance product. The December open interest represented 44% of all existing open interest on expiration day.
605,738 EFPs and blocks were traded, representing over $8 billion in notional value.
Exchange for Physical (“EFP”) 2010 volume was 2,511,569, up 475% from 2009.
2010 Highlights
OCX.NoDiv, the new innovative OneChicago product that removes dividend risk from SSF trading, was launched in October 2010.
24% of all year-end open interest is OCX.NoDiv products.
OneChicago successfully introduced OCX.RiskMan, a risk control product for the OCX.BETS trading platform, which supports a marketplace for EFPs and block trades in OneChicago products.
OneChicago consolidated its clearing business at the “AAA”-rated Options Clearing Corporation in August 2010
OCX added three industry experts to its Board of Directors in February 2010
4 new Clearing firms began participating directly in OneChicago markets.
OCX.Weekly futures were launched in January 2010
OneChicago (OCX) is the only US regulated exchange for trading security futures and the related EFP. OCX lists approximately 1,735 products, including ADRs, ETFs and OCX.NoDiv contracts. Contracts are cleared through the centralized counterparty, “AAA”-rated OCC, and are regulated by both the SEC and CFTC. Security futures, a delta one product, are utilized for synthetic equity strategies, equity swaps, equity repos and synthetic stock loan/borrow transactions.
OCX.NoDiv contracts are security futures with dividends removed from the pricing as the future's price is adjusted down by the value of the dividend on Ex-date.
Open interest stood at 360,336 contracts at the end of December 2010.
December Highlights
December was the highest monthly volume for 2010, up 190% over November, 2010
225,318 December futures valued at $954 million were taken to delivery, validating the use of single stock futures as an equity finance product. The December open interest represented 44% of all existing open interest on expiration day.
605,738 EFPs and blocks were traded, representing over $8 billion in notional value.
Exchange for Physical (“EFP”) 2010 volume was 2,511,569, up 475% from 2009.
2010 Highlights
OCX.NoDiv, the new innovative OneChicago product that removes dividend risk from SSF trading, was launched in October 2010.
24% of all year-end open interest is OCX.NoDiv products.
OneChicago successfully introduced OCX.RiskMan, a risk control product for the OCX.BETS trading platform, which supports a marketplace for EFPs and block trades in OneChicago products.
OneChicago consolidated its clearing business at the “AAA”-rated Options Clearing Corporation in August 2010
OCX added three industry experts to its Board of Directors in February 2010
4 new Clearing firms began participating directly in OneChicago markets.
OCX.Weekly futures were launched in January 2010
OneChicago (OCX) is the only US regulated exchange for trading security futures and the related EFP. OCX lists approximately 1,735 products, including ADRs, ETFs and OCX.NoDiv contracts. Contracts are cleared through the centralized counterparty, “AAA”-rated OCC, and are regulated by both the SEC and CFTC. Security futures, a delta one product, are utilized for synthetic equity strategies, equity swaps, equity repos and synthetic stock loan/borrow transactions.
OCX.NoDiv contracts are security futures with dividends removed from the pricing as the future's price is adjusted down by the value of the dividend on Ex-date.
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