OneChicago, LLC (OCX), an equity finance exchange, today announced that a total of 228,685 security futures contracts were traded in the month of April 2012.
On April 27th, David Downey, CEO of OneChicago, spoke at a U.S. Internal Revenue Service public hearing held in Washington, D.C., in response to the proposed new tax withholding rules under 871(m) of the 2010 HIRE Act.
Read the full comment letter from OneChicago.
Additional April 2012 highlights include:
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.
38% of April 2012 month-end open interest was in OCX.NoDivRisk™ products. The OCX.NoDivRisk product suite is an innovative equity finance tool, which removes dividend risk from the security futures.
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.
Open interest stood at 389,334 contracts on the equity finance exchange at the end of April 2012.