OneChicago Reports 104% Increase For March 2005 Volume

OneChicago, LLC had a record month in March, eclipsing previous monthly volume, average daily volume and open interest records. The Exchange saw a total of 765,424 contracts trade in March, which is 104% higher than the old monthly record of 375,463 set in March 2004. Average daily volume was 34,792 contracts and open interest reached 551,501 contracts before the quarterly expiration. Year-to-date volume is 64% ahead of first quarter 2004.

Marty Doyle, President of OneChicago, said, “Our volume soared in March as a result of the participation of new customers. We expect our business to continue to grow as we welcome additional new firms and traders who are recognizing the various ways single stock futures can meet their portfolio needs.”

Each single stock futures contract is equivalent to 100 shares of the underlying stock or exchange-traded fund. The top five single stock futures contracts by volume in March were:

• Pfizer (PFE1C)
• Exxon Mobil Corp. (XOM1C)
• Citigroup Inc. (C1C)
• Intel Corp. (INTC1C)
• Johnson & Johnson (JNJ1C)

Beginning today, the Exchange listed 24 new futures on stocks bringing the total to 160 single stock futures, including futures on the DIAMONDS Trust.

Click here to view the March 2005 OneChicago Volume Report