OneChicago (OCX), an equity finance exchange that offers security futures, has rebranded its security futures 1D product to OCX.NoDivRisk from OCX.NoDiv. The new identifier for the product suite, which was launched in the fourth quarter of 2010, removes dividend risk and better reflects its value to investors.
The OCX.NoDivRisk product suite treats all distributions as corporate events and adjusts the product on ex-date by the amount of the dividend. The suite addresses customer’s concerns regarding dividend risk when trading security futures. The OCX.NoDivRisk Exchange can be used for physical transactions.
Click here for the release from OneChicago.