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OneChicago, LLC (OCX), a securities finance exchange, today announced its June 2016 volume of 1,343,750, a decrease of 22% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.
June 2016 highlights include:
- OneChicago issued a Notice to Members NTM 2016-17 announcing Cash Settled Single Stock Futures ("NDR C SSFs"), which is part of the NoDivRisk ("NDR") products. Launch date is scheduled for August 1, 2016, pending regulatory approval.
- June 2016 volume was 1,343,750 down 22% year over year.
- Open interest decreased 41% year-over-year to 473,876 contracts on the securities finance exchange at close-of-market, June 30, 2016.
- 75% of June 2016 month-end open interest was in OCX.NoDivRisk® products. The OCX.NoDivRisk product suite is an innovative equity finance tool that removes dividend risk for customers carrying synthetic equity delta exposure.
