04 August 2017
Reporter: Jenna Lomax

OneChicago sees volume increase for July

Securities finance exchange OneChicago’s monthly volume increased 67 percent year over year in July with 1.4 million trades recorded.

OneChicago put the recent growth down to the launch of its no dividend risk (NRD) friday futures product.

NDR friday futures settles to stock on a T+3 basis, but will shift down to T+2 in September in line with North American market’s transition.

The increase meant OneChicago has regained its stamp on trading volumes after it saw a low in January, when its monthly volume dropped significantly by 9 percent.

The exchange also saw a 32 percent increase in trading volumes in June over the same time in 2016, which meant trades were up 26 percent at the end of Q2 2017.

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

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