OneChicago, LLC (OCX), an equity finance exchange trading security futures, today reported that 479,402 security futures contracts traded at the exchange in March 2011, an increase of 24% from March 2010 and an increase of 169% over February 2011.
Open interest stood at 365,220 contracts at the end of March 2011.
March 2011 Highlights
- 443,140 EFPs and blocks were traded, an increase of 176% over February 2011. March’s block and EFP activity represented more than $7.5 billion in notional value, an increase of more than $6.5 billion from February 2011 figures.
- 113,214 March futures valued at $567 million were taken to delivery, validating the use of single stock futures as an equity finance product. The March open interest represented 26% of all existing open interest on expiration day.
- 33% of March 2011 month-end open interest was in OCX.NoDiv™ products. The OCX.NoDiv product suite was launched in October 2010 as an innovative equity finance tool which removes dividend risk from the security futures. OneChicago currently lists 775 OCX.NoDiv products.
