OneChicago, LLC, a futures trading exchange offered by CBOE and the CME, reported 822,700 security futures contracts traded at the exchange in January, 343% more than in January 2005.
“January marks the twelfth consecutive month that we have reported a year-over-year volume increase,” said Marty Doyle, president of OneChicago. “We are off to a great start in the New Year. We look forward to continuing our rate of growth by reaching out to new customers and expanding our menu of security futures products to include additional ETF futures.”
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 January were Pfizer, Citigroup Inc, Procter & Gamble Co, Intel Corp, AT&T Corp.