EFPs and blocks up 43% in December announces OneChicago
05 January 2011 Chicago
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OneChicago announced that EFPs and blocks in December 2011 were up 43 per cent at 489,584 traded compared to the previous month. EFP activity represented more than $2.7 billion in notional value.
335,589 December 2011 futures valued at more than $1.3 billion were taken to delivery, emphasizing the use of single stock futures as an equity finance product.
Open interest stood at 351,379 contracts at the end of December, of which 28 per cent was OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool which removes dividend risk from the security futures.
Contracts on the equity finance exchange for the fourth quarter of 2011 increased 4 per cent versus fourth quarter 2010.
335,589 December 2011 futures valued at more than $1.3 billion were taken to delivery, emphasizing the use of single stock futures as an equity finance product.
Open interest stood at 351,379 contracts at the end of December, of which 28 per cent was OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool which removes dividend risk from the security futures.
Contracts on the equity finance exchange for the fourth quarter of 2011 increased 4 per cent versus fourth quarter 2010.
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