OneChicago, LLC reported that 5,528,046 security futures contracts traded at the Exchange in 2005, 188% more than 2004. The average daily volume (ADV) for the year was 21,937.
In December, 547,723 contracts traded, a 260% increase over December 2004 volume. Fourth quarter ADV was 29,155.
“As we conclude our third full year of trading, it’s gratifying to see such significant traction in our markets,” said Marty Doyle, president of OneChicago. “Clear indicators point toward even greater volume and open interest increases in 2006 and that single stock futures, with their invaluable benefits to traders, are here to stay.”
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 2005 were: General Electric, Exxon Mobil Corp., Citigroup Inc., Pfizer and Intel Corp.