SOURCE: ELX Futures, L.P.

ELX Futures, L.P.

August 01, 2011 10:18 ET

ELX Announces July Results With Year-Over-Year Gain in ADV in U.S. Treasuries and Eurodollar Futures

NEW YORK, NY--(Marketwire - Aug 1, 2011) - ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today solid July results with strong year-over-year average daily volume (ADV) performances in U.S. Treasury and Eurodollar futures contracts. ELX traded 1.2M contracts in July and celebrated its second-year anniversary as an electronic futures exchange on July 10.

Year-over-year ADV for the month of July increased 69% for ELX's combined futures products in July. Eurodollar futures gained momentum with market share and open interest rising in the contract in July from the prior month. Year-over-year growth in market share for the month of July in Eurodollar futures was up 397%. The 30-year bond also saw strong year-over-year growth in market share for the month of July, up 807%.

Neal Wolkoff, Chief Executive Officer of ELX Futures, said, "Though summer is upon us, July remained a good month for ELX with Eurodollars showing solid improvement in market share and open interest. ELX also saw the benefits of implementing initiatives that result in advantages for market participants. While competitors maintain a higher tick size, ELX's 1/2 tick size for its 30-year bond assures market participants that they are not missing out on additional liquidity and also gives them an opportunity for better fills when aggregating liquidity across multiple exchanges."

About ELX Futures
ELX Futures, L.P. is a fully electronic exchange founded by leading global financial institutions with the goal of bringing the benefits of cost-efficiency, liquidity, market continuity and enhanced speed to all market participants. For information and news about ELX, visit www.elxfutures.com or email info@elxfutures.com. Clearing services are provided by the Options Clearing Corporation (OCC), AAA rated and the world's largest derivative clearing organization. For information on OCC financial safeguards, visit www.optionsclearing.com/components/docs/about/occ_financial_guarantee.pdf. ELX market data is available through Bloomberg, Thomson Reuters, CQG and BGC Market Data.

For real time access:
Via Bloomberg, type ELX < GO >
Via Thomson Reuters on 3000xtra, type ELX/FUTEX1
Via CQG, enter ELX Futures in Search
For BGC Market Data products, email:
marketdata@bgcantor.com

Contact Information

  • Media Contact:
    Mary Chung
    ELX Futures, L.P.
    (212) 294-7734
    Email Contact