OneChicago releases April 2012 trading volumes 02 May 2012Chicago Reporter: Georgina Lavers
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OneChicago (OCX), an equity finance exchange, today announced that a total of 228,685 security futures contracts were traded in the month of April 2012.
217,049 Exchange Futures for Physicals (EFPs) and blocks were traded. April 2012 EFPs and blocks activity represented more than $1.2 billion in notional value.
66,054 of April 2012 futures valued at more than $351 million were taken to delivery, emphasizing the use of single stock futures as an equity finance product.
David Downey, CEO of OneChicago, spoke at a US IRS public hearing held in Washington, in response to the proposed new tax withholding rules under 871(m) of the 2010 HIRE Act, recommending that the IRS should exempt SSFs from the proposed rules.
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