OneChicago sees OCX.NoDivRisk increase
02 April 2014 Chicago
Image: Shutterstock
More than 40 percent of March month-end open interest was in OneChicago鈥檚 OCX.NoDivRisk products, according to the equity finance exchange.
OneChicago offers single stock futures, a delta one product, on approximately 1500 equities, including American depository receipts and exchange-traded funds.
Exchange futures for physicals quarterly volume grew significantly in Q1, reaching a 673 percent increase compared to Q1 2013.
Open interest stood at 572,260 contracts on the equity finance exchange at close-of-market on 31 March. Its volume for the month stood at 1,261,340, a 68 percent increase year-over-year.
鈥淐arrying equity positions synthetically with competitively derived interest rates and without dividend variation risk is an attractive option for savvy market participants,鈥� said David Downey, CEO at OneChicago. 鈥淭his investment strategy combined with the counterparty protections provided by the OCC is driving our volume growths.鈥�
OneChicago offers single stock futures, a delta one product, on approximately 1500 equities, including American depository receipts and exchange-traded funds.
Exchange futures for physicals quarterly volume grew significantly in Q1, reaching a 673 percent increase compared to Q1 2013.
Open interest stood at 572,260 contracts on the equity finance exchange at close-of-market on 31 March. Its volume for the month stood at 1,261,340, a 68 percent increase year-over-year.
鈥淐arrying equity positions synthetically with competitively derived interest rates and without dividend variation risk is an attractive option for savvy market participants,鈥� said David Downey, CEO at OneChicago. 鈥淭his investment strategy combined with the counterparty protections provided by the OCC is driving our volume growths.鈥�
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