OneChicago, IB offer EFP service

OneChicago and Interactive Brokers (IB) have been collaborating on new technology that will automate the exchange for physical (EFP) process on single stock futures (SSFs), with a plan to offer the service on the Chicago exchange by the end of the year.

IB, which purchased an equity stake in OneChicago in March (see FO Week Vol 11 No 11), was set to roll out its own automated EFP offering at the beginning of August while Marty Doyle,...