OneChicago, LLC (“OCX”) today announced that, at the request of its users, it would extend the trading hours for its EFP (Exchange For Physical) and Block Trading Platform, OCX.BETS™, from 3:00 pm to 4:00 pm Central (Chicago) Time. Trading on the OCX.BETS platform has shown substantial and sustained growth and the Exchange has reacted by expanding its trading hours. The total notional volume in EFPs for April was $1.4 billion and for May $1.5 billion.
CEO David Downey said that he “was very pleased with the growth in both the volume and value of EFPs traded on OCX. As a result, we will continue to make enhancements to the system to make trading more efficient.” The change will become effective upon the opening of the Exchange on Monday, June 21, 2010.
