trading

OneChicago ETF trading volume up 2,941 per cent in 2012

A total of 1,272,739 exchange futures for physicals (EFPs) and blocks were traded at equity finance exchange OneChicago in December 2012, an increase of 168 per cent on November’s total.

December 2012 EFPs and blocks activity represented USD5.6bn in notional value.

For the full-year 2012, ETF volume reached 1,281,854, up 2,941 per cent, driven by the strength of ETF futures which provide the same delta exposure that trading in the underlying security offers, but on better financing terms.

Some 56 per cent of December 2012 month-end open interest was in OCX.NoDivRisk products. The OCX.NoDivRisk product suite is an equity finance tool, which removes dividend risk for customers carrying equity delta exposure.

Open interest stood at 598,887 contracts on the equity finance exchange at the end of December 2012, up 70 per cent as compared with December 2011.

The etfexpress Awards 2013 for the top ETF product and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.

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