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OneChicago Announces Trading Volume for February 2014

-EFP February 2014 Volume Up 861% compared with February 2013

CHICAGO, March 3, 2014 /PRNewswire/ -- OneChicago, LLC (OCX), an equity finance exchange, today announced February 2014 volume of 735,214. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a delta one product, on approximately 1,500 equities, including ADRs and ETFs.   

OneChicago (OCX) is an equity finance exchange providing a marketplace for trading security futures and the related exchange for physical (EFP). OCX lists approximately 2,000 products, including ADRs, ETFs & OCX.NoDivRisk(TM) contracts. Contracts are cleared through the centralized counterparty, "AAA"-rated OCC, & are regulated by both the SEC & CFTC. Security futures, a Delta one product, are utilized for synthetic equity strategies including equity swaps, equity repos & stock loan/borrow transactions.

"We are very excited by the surge in the EFP volumes that we saw in February of this year versus the 2013 levels with activity jumping just over 861%," said David Downey, CEO at OneChicago.  "This is a phenomenal development as the marketplace begins to embrace the true benefit of the single stock future product, which is replacing a relatively expensive equity position with a cheaper economic equivalent in an integrated transaction, avoiding any market execution risk.  This Delta One substitution, similar to OTC swaps, is the value proposition that we have been promoting."

February 2014 highlights include:

  • Open interest stood at 640,035 contracts on the equity finance exchange at close-of-market, February 28, 2014
  • 716,046 Exchange Futures for Physicals (EFPs) and blocks were traded. February 2014 EFPs and blocks activity represented $3.6 billion in notional value.
  • 50% of February 2014 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 through derivatives.

Month End Volume and Open Interest - Summary

For 02/2014

Type

02/2014 Avg Daily Volume

02/2014 Total Volume

Previous Year Monthly Volume

% Change

YTD Total Volume

Month End Open Interest

ETF

13,399

254,576

217,532

17%

412,264

95,276

SSF

25,297

480,638

538,200

-11%

936,563

544,309

Exchange Total

39,695

735,214

755,732

-3%

1,348,827

640,035

ABOUT ONECHICAGO
OneChicago (OCX) is the only US equity finance exchange for trading security futures and the related EFP. Regulated by the SEC and CFTC, OCX lists approximately 2,800 products, including ADRs, ETFs and OCX.NoDivRisk™ contracts. Contracts are cleared through the centralized counterparty, "AA+"-rated OCC. Security futures, a Delta One product, are utilized for synthetic equity strategies including equity swaps, equity repos and stock loan/borrow transactions. The OneChicago OCX.NoDivRisk, Exchange Futures for Physical transaction is economically equivalent to a Securities Lending Transaction.

OCX.NoDivRisk contracts are security futures with dividends removed from the pricing as the future's price is adjusted down by the value of the dividend on Ex-date. For more information, please visit our Website at: http://www.OneChicago.com or contact us at 312-424-8520.

SOURCE OneChicago

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