03 January 2018
Reporter: Zsuzsa Szabo

OneChicago sees December volume fall

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: “The 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.“

“A 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.”

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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