CHICAGO, Jan. 2, 2018 /PRNewswire/ — OneChicago, LLC (OCX), a securities finance exchange, today announced its December 2017 volume of 1,032,176, a decrease of 23% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.  

OneChicago is an equity finance exchange providing a marketplace for trading security futures and the related exchange for physical. OCX lists approximately 2,000 products, including ADRs, ETFs and OCX.NoDivRisk contracts. Contracts are cleared through the centralized counterparty, AAA-rated OCC, and are regulated by both the SEC and CFTC. Security futures, a Delta one product, are utilized for synthetic equity strategies including equity swaps, equity repos and stock loan/borrow transactions. (PRNewsFoto/OneChicago, LLC)

“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,” explained David Downey, CEO.

ABOUT ONECHICAGO

OneChicago (OCX) is the only US equity finance exchange for trading single stock futures, a Delta One product.  Regulated by the SEC and CFTC, OCX lists approximately 1,800 products, including ADRs, ETFs and OCX.NoDivRisk® products, which include the OCX.Weekly. Contracts are cleared through the centralized counterparty, “AA+”-rated OCC. OneChicago OCX.NoDivRisk products are utilized for synthetic equity strategies including equity swaps, equity repos and stock loan/borrow transactions. The OneChicago expiring OCX.Weekly spread is economically equivalent to an equity repo or stock loan transaction. For more information, please visit our Website at: http://www.OneChicago.com or contact us at 312-883-3440.

 

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SOURCE OneChicago, LLC