OneChicago's total equity volume booms
04 November 2013 Chicago
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Trading volume at the equity finance exchange OneChicago increased 76 percent last month over October 2012, as a result of managed futures traders diversifying their holdings using single stock futures.
OneChicago's October 2013 volume was 747,797.
Open interest stood at 618,050 contracts on the equity finance exchange on 31 October, up 27 percent year-over-year.
Some 728,266 exchange futures for physicals (EFPs) and blocks were traded. In September, they represented $ 3.7 billion in notional value.
OneChicago's also revealed that 53 percent of October 2013 month-end open interest was in OCX.NoDivRisk products.
“With the impending capital constraints caused by Basel III, we are seeing evidence of funds being squeezed by their prime brokers. These participants are beginning to understand how to utilise our products as a form of synthetic prime brokerage, giving them access to leverage and financing,” said David Downey, CEO of OneChicago.
OneChicago's October 2013 volume was 747,797.
Open interest stood at 618,050 contracts on the equity finance exchange on 31 October, up 27 percent year-over-year.
Some 728,266 exchange futures for physicals (EFPs) and blocks were traded. In September, they represented $ 3.7 billion in notional value.
OneChicago's also revealed that 53 percent of October 2013 month-end open interest was in OCX.NoDivRisk products.
“With the impending capital constraints caused by Basel III, we are seeing evidence of funds being squeezed by their prime brokers. These participants are beginning to understand how to utilise our products as a form of synthetic prime brokerage, giving them access to leverage and financing,” said David Downey, CEO of OneChicago.
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