OneChicago, LLC reported that 394,574 security futures contracts traded at the Exchange in February, 594% more than in February 2005. Average daily volume (ADV) was 20,767. Open interest reached a record 1,822,042 contracts February 17.
OneChicago is a joint venture of the Chicago Board Options Exchange Incorporated (CBOE), Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT). Each single stock futures contract is equivalent to 100 shares of the underlying stock or exchange-traded fund.
The top five single stock futures contracts by volume in February were: Johnson & Johnson, ConocoPhillips, Altria Group Inc., Merck & Co. Inc., Coca-Cola Co. The exchange lists 208 futures on single stocks, including futures on the DIAMONDS Trust, as well as four OneChicago Select Indexes, a series of customer-designed narrow-based security index futures.