OneChicago take advantage of deep pools
04 September 2013 Chicago
Image: Shutterstock
Equity finance exchange OneChicago announced that August equity futures volume was up 45 percent year-on-year.
“Our efforts to introduce the managed futures markets to the deep liquidity pools in the equity markets continue to pay off,” said David Downey, CEO at OneChicago.
“Customers looking to carry equity exposure synthetically via the security futures are benefitting from the competitive interest rates provided by the equity financing desks.”
Open interest stood at 623,762 contracts on the equity finance exchange at close-of-market, 30 August 2013, up 19 percent year-on-year.
598,646 Exchange Futures for Physicals (EFPs) and blocks were traded. August 2013 EFPs and blocks activity represented $2.9 billion in notional value.
Sixty percent of August 2013 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool that removes dividend risk for customers carrying equity delta exposure through derivatives.
“Our efforts to introduce the managed futures markets to the deep liquidity pools in the equity markets continue to pay off,” said David Downey, CEO at OneChicago.
“Customers looking to carry equity exposure synthetically via the security futures are benefitting from the competitive interest rates provided by the equity financing desks.”
Open interest stood at 623,762 contracts on the equity finance exchange at close-of-market, 30 August 2013, up 19 percent year-on-year.
598,646 Exchange Futures for Physicals (EFPs) and blocks were traded. August 2013 EFPs and blocks activity represented $2.9 billion in notional value.
Sixty percent of August 2013 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool that removes dividend risk for customers carrying equity delta exposure through derivatives.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
