OneChicago's monthly volume jumps 58 percent
03 February 2016 Chicago
Image: Shutterstock
Securities finance exchange OneChicago saw its volume increase in January to 862,488, a 58 percent rise year-over-year.
Open interest increased 21 percent year-over-year to 643,975 contracts on the securities finance exchange at close-of-market on 29 January.
Almost 60 percent of month-end open interest in January was in OneChicago’s OCX.NoDivRisk equity finance products.
OneChicago is also finalising its plans to offer basis-point-at-cash-close trading, which allows trades to be executed at the desired basis point difference to the underlying cash close price, giving participants pricing and hedging opportunities.
Open interest increased 21 percent year-over-year to 643,975 contracts on the securities finance exchange at close-of-market on 29 January.
Almost 60 percent of month-end open interest in January was in OneChicago’s OCX.NoDivRisk equity finance products.
OneChicago is also finalising its plans to offer basis-point-at-cash-close trading, which allows trades to be executed at the desired basis point difference to the underlying cash close price, giving participants pricing and hedging opportunities.
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
