OneChicago sees December volume fall
03 January 2018 Chicago
Image: Shutterstock
OneChicago has blamed discrepancies between EU and US margin rules for just under 25 percent drop off trading volumes during December 2017.
The securities finance exchange volumes decreased to 1 million, down 23 percent from the same period in 2016.
David Downey, CEO of OneChicago, said: 鈥淭he decline in volume is related to certain customers shifting their activity to Europe where our innovative products have been copied and are offered using the US invention of risk-based margin as opposed to the strategy-based margin jointly imposed by the CFTC and the SEC.鈥�
鈥淎 rule-making request to address this divide has been pending at the commissions for nine years without any resolution. Strangulation through regulation is not the way to foster innovation.鈥�
OneChicago offers single-stock futures, a Delta One product, on approximately 1,800 equities, including American depositary receipt and exchange traded funds.
The securities finance exchange volumes decreased to 1 million, down 23 percent from the same period in 2016.
David Downey, CEO of OneChicago, said: 鈥淭he decline in volume is related to certain customers shifting their activity to Europe where our innovative products have been copied and are offered using the US invention of risk-based margin as opposed to the strategy-based margin jointly imposed by the CFTC and the SEC.鈥�
鈥淎 rule-making request to address this divide has been pending at the commissions for nine years without any resolution. Strangulation through regulation is not the way to foster innovation.鈥�
OneChicago offers single-stock futures, a Delta One product, on approximately 1,800 equities, including American depositary receipt and exchange traded funds.
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