OneChicago Security Futures Volume Tops 1 Million in May 2013 Posting the Fifth Best Month in Exchange History
- Open Interest at OneChicago in May 2013 up 83% Year over Year
- 2013 YTD Volume Surpasses 3.7 Million
OneChicago, LLC (OCX), an equity finance exchange, today announced May 2013 volume of 1,094,616, an increase of 322% compared with the same period in 2012.
“The continued growth of SSF volumes is directly related to customers locking in relatively low rates for their term trading now with the anticipation of interest rates rising,” said David G Downey, CEO, OneChicago. “As firms and asset managers look to manage their costs of carrying positions, synthetic exposure to the US equity markets via SSF priced with a competitive broker dealer interest rate is a smart alternative.”
May 2013 highlights include:
- Open interest stood at 746,943 contracts on the equity finance exchange at the end of May 2013.
- 1,064,741 Exchange Futures for Physicals (EFPs) and blocks were traded. May 2013 EFPs and blocks activity represented $4.8 billion in notional value.
- 61% of May 2013 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.
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Month End Volume and Open Interest – Summary |
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For 05/2013 |
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|
Type |
05/2013 Avg Daily Volume |
05/2013 Total Volume |
Previous Year Monthly Volume |
% Change |
YTD Total Volume |
Month End Open Interest |
| ETF |
12,613 |
277,494 |
32,146 |
763% |
1,117,181 |
130,437 |
| SSF |
37,142 |
817,122 |
227,236 |
260% |
2,591,139 |
616,506 |
| Exchange Total |
49,755 |
1,094,616 |
259,382 |
322% |
3,708,320 |
746,943 |
