OneChicago, LLC (OCX), an equity finance exchange, today announced its December 2014 volume of 1,087,256, a decrease of 7% year-over-year. Continuing its growth momentum from the previous year, 2014 marked the first year volume exceeded 10 million contracts. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,500 equities, including ADRs and ETFs.
2014 highlights include:
- Introduction of OCX.Weekly Futures with next-day settlement
- Reduction in execution fees by 75% for the OCX.NoDivRisk product suite
- Launch of new trading platform, OCXdelta1
- Debut of the new multicast market data feed OCTP with EFP prices and implied interest rates
- December 2014 highlights include:
- Year-to-date volume through December 31, 2014, was 10,907,977 up 15% compared to 2013.
- Open interest increased 32% year-over-year to 646,059 contracts on the equity finance exchange at close-of-market, December 31, 2014.
- 1,077,599 blocks and EFPs were traded on OCXdelta1. December 2014 EFP and block activity represented $5.9 billion in notional value.
- 58% of December 2014 month-end open interest was in OCX.NoDivRisk™ products. The OCX.NoDivRisk product suite is an innovative equity finance tool, which removes dividend risk for customers carrying equity delta exposure through derivatives.
Month End Volume and Open Interest – Summary | ||||||
For 12/2014 | ||||||
Type | 12/2014 Avg Daily Volume | 12/2014 Total Volume | Previous Year Monthly Volume | % Change | YTD Total Volume | Month End Open Interest |
ETF | 9,900 | 217,808 | 252,370 | -14% | 2,898,979 | 73,880 |
SSF | 39,520 | 869,448 | 921,835 | -6% | 8,008,998 | 572,179 |
Exchange Total | 49,421 | 1,087,256 | 1,174,205 | -7% | 10,907,977 | 646,059 |