OneChicago, LLC, today reported that 386,503 security futures contracts traded at the exchange in September, with an average daily volume of 20,343 contracts.
YTD volume stands at 6,588,642 a 17% increase from the same period in 2006. Open interest stood at 454,213 contracts in September 2007.
Each single stock futures contract is equivalent to 100 shares of the underlying stock. The top five SSF contracts by volume in September were:
AT&T Corporation (T1C): 75,238
GE Company (GE1C): 40,036
JPMorgan Chase Co. (JPM1C): 25,020
Verizon Communications (VZ1C): 18,783
US Bancorp (UBS1C): 13,259
The Exchange lists 490 futures on single stocks, five exchange-traded funds including one ETF of the 100 share size, and four ETFs of the 1,000-share size, as well as 10 OneChicago Select Indexes, a series of customer-designed narrow-based security index futures. OneChicago rules permit block and EFP trading and a substantial percentage of the exchange’s volume results from such trades.
OneChicago is a joint venture of IB Exchange Corp., the Chicago Board Options Exchange Incorporated, and CME Group. All products are electronically traded on the CBOEdirect match engine and accessible through the CBOEdirect and CME Globex platforms. Security futures can be traded out of either securities or futures accounts.