OneChicago enjoys volume boom
03 May 2017 Chicago
Image: Shutterstock
Securities finance exchange OneChicago saw its monthly volume soar 88 percent year over year in April.
OneChicago’s notional value of trading also increased 114 percent to $8.9 billion year over year.
The exchange attributed the strong growth to equity finance participants utilising spread transactions to transfer relatively expensive equity positions and replace them with delta one-equivalent single stock futures.
Single stock futures expire weekly, allowing investors to leverage flexibility of T+1 settlement.
OneChicago’s single stock futures platform is offered on approximately 1,800 equities, including American depository receipts and exchange-traded funds.
OneChicago’s notional value of trading also increased 114 percent to $8.9 billion year over year.
The exchange attributed the strong growth to equity finance participants utilising spread transactions to transfer relatively expensive equity positions and replace them with delta one-equivalent single stock futures.
Single stock futures expire weekly, allowing investors to leverage flexibility of T+1 settlement.
OneChicago’s single stock futures platform is offered on approximately 1,800 equities, including American depository receipts and exchange-traded funds.
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