OneChicago reports May volume
03 June 2011 Chicago
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263,912 security futures contracts traded at the OneChicago in May 2011.
Open interest stood at 443,620 contracts at the end of May 2011.
• 43 per cent of May 2011 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite was launched in October 2010 as an equity finance tool which removes dividend risk from the security futures. OneChicago currently lists 1,100 OCX.NoDivRisk products.
• 224,697 EFPs (Exchange for Physical) and blocks were traded. May’s block and EFP activity represented more than $1.1 billion in notional value. May EFP volume increased 73 per cent over April.
• 51,420 May futures valued at more than $268 million were taken to delivery, validating the use of single stock futures as an equity finance product. The May deliveries were 275 per cent of May open interest at the beginning of the month.
Open interest stood at 443,620 contracts at the end of May 2011.
• 43 per cent of May 2011 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite was launched in October 2010 as an equity finance tool which removes dividend risk from the security futures. OneChicago currently lists 1,100 OCX.NoDivRisk products.
• 224,697 EFPs (Exchange for Physical) and blocks were traded. May’s block and EFP activity represented more than $1.1 billion in notional value. May EFP volume increased 73 per cent over April.
• 51,420 May futures valued at more than $268 million were taken to delivery, validating the use of single stock futures as an equity finance product. The May deliveries were 275 per cent of May open interest at the beginning of the month.
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