OneChicago, LLC (“OCX”) today reported that 157,667 security futures contracts traded at the Exchange in October 2010. Exchange for Physical (“EFP”) volume was up 29% over October 2009. Year to date volume was 4,115,077; up 86% from 2009.
Open interest stood at 378,498 contracts at the end of October 2010.
October 2010 Highlights
- OCX launched OCX.NoDivTM, an innovative equity finance tool. OCX.NoDiv products remove dividend risk from the single stock futures by adjusting for all dividends/distributions. Customers have already requested additional OCX.NoDiv listings.
- EFP volume was up 29% over October 2009.
- 119,341 EFPs and blocks were traded, encompassing $485 million in notional value
- 110,818 October futures valued at $450 million were taken to delivery, validating the use of single stock futures as an equity finance product. The October open interest represented 23% of all existing open interest on expiration day.
