OneChicago volume rises 30 percent y-o-y 04 December 2013 Chicago Reporter: Georgina Lavers
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Equity finance exchange OneChicago announced that its volume for November 2013 was 629,935鈥攁 drop from the 747,797 recorded in October.
However, volume year-on-year increased by 148,211, or 30.77 percent (November 2012 volume: 481,724).
鈥淭he record year-to-date volume underscores that the combination of a complex regulatory environment and a market with tighter capital has an increasing number of discerning investors turning to these products as vital components of their overall portfolios,鈥� said David Downey, CEO of OneChicago.
Other November highlights included open interest, which stood at 635,637 contracts on the equity finance exchange at close-of-market, up 19 percent year-on-year.
There were 607,709 Exchange Futures for Physicals (EFPs) and blocks traded, and November 2013 EFPs and blocks activity represented $3.2 billion in notional value.
Fifty-one percent of November 2013 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool, which removes dividend risk for customers carrying equity delta exposure through derivatives.
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