SOURCE: ELX Futures, L.P.

ELX Futures, L.P.

January 31, 2011 09:12 ET

ELX Announces New 9 Cent One-Tier Fee Schedule for All U.S. Treasury and Eurodollar Futures Contracts

NEW YORK, NY--(Marketwire - January 31, 2011) -  ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today a new 9 cent one-tier bundled fee schedule for market users trading all U.S. Treasury and Eurodollar futures contracts on ELX, effective February 1, 2011.

The advantage of this new single-tier low price is that it promises to significantly reduce transaction costs for all types of market participants. There are no minimum average daily volume (ADV) requirements and market participants will have the operational simplicity of only one fee tier. The ELX model also has a simple no-cost registration process without traditional membership obligations and no fee surcharges for block trades, EFRPs, errors, give-ups and trade busts. 

The new 9-cent price for all ELX's current products follows ELX's reduction of minimum block trade levels to 300 contracts from 1,000 contracts for the 5, 10, and 30 year U.S. Treasury futures contracts as well as the Ultrabond. We also have experienced a significant increase in volume, and market share, making this fee change a compelling reason to experience what ELX has to offer.

Neal Wolkoff, Chief Executive Officer of ELX Futures, said, "ELX is committed to providing price competition and superior services to market participants. This new single-tier fee schedule is another new ELX initiative to benefit customers and foster competition in the global futures market."

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 BGCantor Market Data.

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Contact Information

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