OneChicago, LLC announced that 1,922,726 security futures contracts traded at the Exchange in 2004 – its second full year of trading which is 19% higher than 2003 volume. Open interest stood at 154,621 contracts as of December 31.
Martin Doyle, President of OneChicago, said, “I look forward to even greater volume increases in 2005 as the number of traders using our products grows and we continue to add new single stock futures contracts.”
Peter Borish, Chairman of OneChicago, said, “In a rising interest rate environment, OneChicago customers are telling us that our products are even more attractive because single stock futures allow traders to lock in their financing rates and lower their costs to carry stock unique advantages to single stock futures.”
Each single stock futures contract is equivalent to 100 shares of the underlying stock or exchange-traded fund.