05 April 2016
Reporter: Drew Nicol

OneChicago sees bittersweet March volumes

Securities finance exchange OneChicago boasted a 65 percent increase in year-over-year volume for March.

The Chicago-based exchange recorded 1.4 million transactions last month, up from 870,000 the year before.

OneChicago offers single stock futures (SSFs), a Delta One product, on approximately 1,800 equities, including exchange-traded funds (ETFs) and american depository receipts (ADRs).

Although total volume saw significant growth, ETF and ADR volume actually fell by 42 percent and 62 percent, respectively.

OneChicago’s monthly volume was rescued by its SSF volume, which jumped a massive 182 percent, leading to a net positive figure of 65 percent.

Open interest also increased 6 percent year-over-year to 660,000 contracts on the securities finance exchange as of 31 March.

OCX.NoDivRisk products captured 59 percent of open interest for March.

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