OneChicago, LLC (OCX), an equity finance exchange trading security futures, today reported that 263,912 security futures contracts traded at the exchange in May 2011.
Open interest stood at 443,620 contracts at the end of May 2011.
May 2011 Highlights
- 43% of May 2011 month-end open interest was in OCX.NoDivRisk™ products. The OCX.NoDivRisk product suite was launched in October 2010 as an innovative equity finance tool which removes dividend risk from the security futures. OneChicago currently lists 1,100 OCX.NoDivRisk products.
- 224,697 EFPs (Exchange for Physical) and blocks were traded. May’s block and EFP activity represented more than $1.1 billion in notional value. May EFP volume increased 73% over April.
- 51,420 May futures valued at more than $268 million were taken to delivery, validating the use of single stock futures as an equity finance product. The May deliveries were 275% of May open interest at the beginning of the month.
