03 May 2017
Chicago
Reporter: Drew Nicol

OneChicago enjoys volume boom


Securities finance exchange OneChicago saw its monthly volume soar 88 percent year over year in April.

OneChicago’s notional value of trading also increased 114 percent to $8.9 billion year over year.

The exchange attributed the strong growth to equity finance participants utilising spread transactions to transfer relatively expensive equity positions and replace them with delta one-equivalent single stock futures.

Single stock futures expire weekly, allowing investors to leverage flexibility of T+1 settlement.

OneChicago’s single stock futures platform is offered on approximately 1,800 equities, including American depository receipts and exchange-traded funds.

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