OneChicago, LLC reported that a record 7,923,499 security futures contracts traded at the Exchange in 2006, a 43% increase over 2005 total volume of 5.5 million. Average daily volume (ADV) for the year was nearly 32,000 contracts.
In December, 1,106,689 contracts were traded, a monthly record and a 102% increase from December 2005 volume. Fourth quarter ADV was 38,396, a 32% increase over 2005 fourth quarter levels. Open interest stood at 1,351,320 contracts December 29.
“We are very pleased with OneChicago’s continued volume growth,” said David Downey, OneChicago’s new chief executive officer. “In 2007 we plan to expand our marketing, education and global access to security futures products, which are increasingly being used in a variety of portfolio risk management strategies.”
Each single stock futures contract is equivalent to 100 shares of the underlying stock. The top five single stock futures contracts by volume in 2006 were:- General Electric Co. (GE1C)
- AT&T Corp. (T1C)
- Citigroup Inc. (C1C)
- Johnson & Johnson (JNJ1C)
- Pfizer (PFE1C)
The Exchange lists 482 futures on single stocks, five Exchange Traded Funds including four ETFs of the 1,000 share size, as well as seven OneChicago Select Indexes, a series of customer-designed narrow-based security index futures. OneChicago rules permit block and EFP trading and a substantial percentage of the Exchange’s volume results from such trades.
December Volume Report
