OneChicago continues strong performance
04 November 2014 Chicago
Image: Shutterstock
OneChicago’s year-to-date trading volume for 2014 is up 13 percent compared to the first 10 months of 2013.
The exchange’s October 2014 volume stood at 747,797, while the average block trade size for the month was 308 (30,800 share equivalent).
OCX.NoDivRisk products comprised 54 percent of October’s month-end open interest.
“With the rollout of the new match engine, pricing structure and the innovative weekly futures with the next day settlement feature, October 2014 was a phenomenal month for OneChicago,” said David Downey, CEO of OneChicago.
The exchange successfully rolled out OCXdelta1 during October—a proprietary match engine for the reporting and trading of block size transactions in single stock futures and the related exchange futures for physicals (EFP).
OneChicago also began to roll out weekly single stock futures that will list each day and expire the same day the next week. In addition the new weekly SSF contracts will settle into the physical share the next business day as opposed to the current standard of T+3.
The exchange lowered its transaction fees by 75 percent in October from $20 per million to $5 per million, based on the notional value of the trade.
Open interest decreased 3 percent year-over-year to 598,703 contracts on the equity finance exchange at close-of-market on 31 October.
The month also saw 735,908 single stock futures traded on the block and EFP trading system. October’s EFP and block activity represented $3.4 billion in notional value.
The exchange’s October 2014 volume stood at 747,797, while the average block trade size for the month was 308 (30,800 share equivalent).
OCX.NoDivRisk products comprised 54 percent of October’s month-end open interest.
“With the rollout of the new match engine, pricing structure and the innovative weekly futures with the next day settlement feature, October 2014 was a phenomenal month for OneChicago,” said David Downey, CEO of OneChicago.
The exchange successfully rolled out OCXdelta1 during October—a proprietary match engine for the reporting and trading of block size transactions in single stock futures and the related exchange futures for physicals (EFP).
OneChicago also began to roll out weekly single stock futures that will list each day and expire the same day the next week. In addition the new weekly SSF contracts will settle into the physical share the next business day as opposed to the current standard of T+3.
The exchange lowered its transaction fees by 75 percent in October from $20 per million to $5 per million, based on the notional value of the trade.
Open interest decreased 3 percent year-over-year to 598,703 contracts on the equity finance exchange at close-of-market on 31 October.
The month also saw 735,908 single stock futures traded on the block and EFP trading system. October’s EFP and block activity represented $3.4 billion in notional value.
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