OneChicago reports April volume
04 May 2011 Chicago
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OneChicago has reported that 331,209 security futures contracts traded at the exchange in April 2011.
Open interest stood at 450,409 contracts at the end of April 2011.
• 49 per cent of April 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 924 OCX.NoDiv products.
• 308,531 EFPs and blocks were traded. April’s block and EFP activity represented more than $1.4 billion in notional value. Institutional sized volume increased 197 per cent over April 2010.
• 58,076 April futures valued at $278 million were taken to delivery, validating the use of single stock futures as an equity finance product. The April open interest represented 15 per cent of all existing open interest on expiration day.
• OneChicago introduced the trading community to its new fee structure effective May 1, 2011, which highlights the financing benefit of single stock futures.
Open interest stood at 450,409 contracts at the end of April 2011.
• 49 per cent of April 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 924 OCX.NoDiv products.
• 308,531 EFPs and blocks were traded. April’s block and EFP activity represented more than $1.4 billion in notional value. Institutional sized volume increased 197 per cent over April 2010.
• 58,076 April futures valued at $278 million were taken to delivery, validating the use of single stock futures as an equity finance product. The April open interest represented 15 per cent of all existing open interest on expiration day.
• OneChicago introduced the trading community to its new fee structure effective May 1, 2011, which highlights the financing benefit of single stock futures.
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