OneChicago, LLC (OCX), an equity finance exchange, today announced March 2013 volume of 752,336, an increase of 9% compared with the same period in 2012.
“We are continuing to see a dramatic increase in trading volume, indicating further adoption of single stock futures in the US,” said David Downey, CEO at OneChicago. “We would attribute these consistent gains to the increasing use of our NoDivRisk contract and expect to see this trend to continue throughout 2013.”
March 2013 highlights include:
Open interest stood at 596,835 contracts on the equity finance exchange at the end of March 2013.
716,031 Exchange Futures for Physicals (EFPs) and blocks were traded. February 2013 EFPs and blocks activity represented $3.5 billion in notional value.
58% of March 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.
323,907 of March 2013 futures valued at more than $1.6 billion were taken to delivery, emphasizing the use of single stock futures as an equity finance tool.