OneChicago signalled that the significant volumes of trading in single-stock futures can be attracted by it.
OneChicago, launched in 2002 by the Chicago Board of Trade, Chicago Mercantile Exchange and Chicago Board Options Exchange, said that the trading rose by 81% as compared with the same period of 2004.
The increase comes amid the growing market activity, according to John Lothian, president of the electronic trading division of broker Price Futures Group.
Chicago Board Options Exchange’s traders are often more preferable towards using single-stock futures instead of stocks to hedge their options trades because futures let them avoid the interest-rate risk of buying cash stocks on margin.