SOURCE: ELX Futures, L.P.

ELX Futures, L.P.

September 09, 2009 08:59 ET

Morgan Stanley Joins ELX Futures as a Founding Partner

NEW YORK, NY--(Marketwire - September 9, 2009) - ELX Futures, L.P. (ELX Futures), a new fully regulated electronic futures exchange, and Morgan Stanley (NYSE: MS), a leading global financial services firm, today announced that Morgan Stanley will join ELX Futures as a founding partner.

Neal Wolkoff, Chief Executive Officer of ELX Futures, said, "We are pleased to welcome Morgan Stanley to our distinguished group of global founding partners. ELX Futures continues to grow and build new relationships to establish itself as a competitive, electronic alternative in the futures marketplace, providing low-cost execution and liquidity."

Morgan Stanley joins 12 other leading, global financial institutions as a founding partner in ELX Futures.

ELX Futures launched trading in U.S. Treasury futures products on July 10th after receiving regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to become a Designated Contract Market, with OCC as its clearinghouse.

About ELX Futures

ELX Futures, L.P. is a fully electronic alternative exchange founded by leading global financial institutions with the goal of bringing the benefits of enhanced speed, liquidity and cost-efficiency to all market participants. For information and news about ELX, visit www.elxfutures.com or email us at info@elxfutures.com.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 37 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

Contact Information

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