CHICAGO, April 3, 2017 /PRNewswire/ -- OneChicago, LLC (OCX), a securities finance exchange, today announced its March 2017 volume of 1,469,494, an increase of 2% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.
March 2017 highlights include:
- March 2017 volume was 1,469,494, up 2% year over year.
- March 2017 OCX.NoDivRisk notional valued traded increased 133% to $5.68 billion, year over year. This growth is primarily due to the increased use of Weekly futures to transition delta exposure from a capital intensive cash equity position to the OneChicago futures.
- 98% of March 2017 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an innovative equity finance tool that removes dividend risk for customers carrying synthetic equity delta exposure.
OneChicago (OCX) is the only US equity finance exchange for trading single stock futures, a Delta One product. Regulated by the SEC and CFTC, OCX lists approximately 1,800 products, including ADRs, ETFs and OCX.NoDivRisk® products, which include the OCX.Weekly. Contracts are cleared through the centralized counterparty, "AA+"-rated OCC. OneChicago OCX.NoDivRisk products are utilized for synthetic equity strategies including equity swaps, equity repos and stock loan/borrow transactions. The OneChicago expiring OCX.Weekly spread is economically equivalent to an equity repo or stock loan transaction. For more information, please visit our Website at: http://www.OneChicago.com or contact us at 312-883-3440.
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