Summer success for OneChicago
04 August 2015 Chicago
Image: Shutterstock
OneChicago saw volumes of 1.16 million in July 2015, an impressive 44 percent increase on July last year.
Open interest increased by 15 percent year-on-year, recording 771,568 contracts on the equity finance exchange at close-of-market on 31 July. Volumes were also up by 16 percent on the same period in 2014, totalling 6.7 million.
In July, OneChicago implemented improvements to its matching and trading platform OCXdelta1. The changes integrate competitive block calendar spread markets and regular competitive calendar spread markets, creating a single pool of liquidity for clients.
It also launched a pilot programme to cap the OCX.NoDivRisk execution fees at $700 per side, per trade, which came in to effect on 1 July. The programme applies to all OCX.Weekly products and 1D futures, and will continue at least to the end of 2015, and possibly in to 2016.
Of the month-end open interest for July 2015, 65 percent was in OCX.NoDivRisk products – the finance tool product suite that helps to mitigate risk for those clients that carry synthetic equity delta exposure.
Open interest increased by 15 percent year-on-year, recording 771,568 contracts on the equity finance exchange at close-of-market on 31 July. Volumes were also up by 16 percent on the same period in 2014, totalling 6.7 million.
In July, OneChicago implemented improvements to its matching and trading platform OCXdelta1. The changes integrate competitive block calendar spread markets and regular competitive calendar spread markets, creating a single pool of liquidity for clients.
It also launched a pilot programme to cap the OCX.NoDivRisk execution fees at $700 per side, per trade, which came in to effect on 1 July. The programme applies to all OCX.Weekly products and 1D futures, and will continue at least to the end of 2015, and possibly in to 2016.
Of the month-end open interest for July 2015, 65 percent was in OCX.NoDivRisk products – the finance tool product suite that helps to mitigate risk for those clients that carry synthetic equity delta exposure.
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