Record-breaking June for OneChicago
02 July 2015 Chicago
Image: Shutterstock
OneChicago’s June 2015 volume stood at 1.7 million, a 35 percent increase year-over-year and a new record for monthly volume.
During June, OneChicago successfully consolidated all products onto OCXdelta1, its proprietary matching and reporting platform and onto the multicast market data ticker plant, OCTP.
OCXdelta1 supports the reporting of bilateral blocks and exchange futures for physicals; as well as the trading of blocks and the newly listed OCX.Weekly products.
H1 of 2015 now stands as the most successful to date with volume up 12 percent overall from 2014.
On June 22, the exchange announced a pilot programme to cap the OCX.NoDivRisk execution fees at $700 per side, per trade beginning 1 July 2015.
The programme, which applies to all OCX.Weekly products and all “1D” futures, will continue through at least year-end 2015, and may be extended into 2016 according to the exchange.
OneChicago has continued to introduce OCX.Weekly products listing every day of the week expiring one week later and settling to stock on a T+1 basis upon expiration. It now lists weekly futures on 334 stocks including exchange traded funds and master limited partnerships.
Open interest increased 28 percent year-over-year to 808,053 contracts on the equity finance exchange at close-of-market, 30 June 2015.
In total, 67 percent of June 2015 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 synthetic equity delta exposure.
During June, OneChicago successfully consolidated all products onto OCXdelta1, its proprietary matching and reporting platform and onto the multicast market data ticker plant, OCTP.
OCXdelta1 supports the reporting of bilateral blocks and exchange futures for physicals; as well as the trading of blocks and the newly listed OCX.Weekly products.
H1 of 2015 now stands as the most successful to date with volume up 12 percent overall from 2014.
On June 22, the exchange announced a pilot programme to cap the OCX.NoDivRisk execution fees at $700 per side, per trade beginning 1 July 2015.
The programme, which applies to all OCX.Weekly products and all “1D” futures, will continue through at least year-end 2015, and may be extended into 2016 according to the exchange.
OneChicago has continued to introduce OCX.Weekly products listing every day of the week expiring one week later and settling to stock on a T+1 basis upon expiration. It now lists weekly futures on 334 stocks including exchange traded funds and master limited partnerships.
Open interest increased 28 percent year-over-year to 808,053 contracts on the equity finance exchange at close-of-market, 30 June 2015.
In total, 67 percent of June 2015 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 synthetic equity delta exposure.
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