ELX Futures, L.P. (ELX Futures) is a fully regulated electronic futures exchange formed in December 2007 by leading global financial institutions and launched on July 10, 2009 to establish a faster, more efficient competitive alternative for global market participants trading futures contracts. ELX Futures allows for market arbitrage, outright and spread execution and cash/futures basis trading through multiple front ends and an ultra fast matching engine.
ELX Futures’ Notables
With major firms linking ELX Futures’ prices with other related cash and futures markets’ prices, ELX provides a simplified fee structure with competitive market prices at lower cost for both exchange fees and block trades with no EFP or Give-Up surcharges. Basis trades have ultra low latency since the BGC cash market and ELX Futures exchange are collocated and share the eSpeed platform.
Technology
ELX uses the proven technology of BGC Partners’ eSpeed platform. BGC is one of the two largest providers of electronic brokerage services for cash financial products in the United States and abroad. The eSpeed platform has been modified for futures executions and enhanced for additional capacity and speed. eSpeed has been benchmarked at execution speeds that will make it the fastest execution platform for US Treasury Futures contracts domiciled in the United States. ELX will allow its users to connect to the eSpeed platform in one of several ways: directly through eSpeed’s proprietary Application Protocol Interface (API); through an Independent Software Vendor (ISV) which has itself programmed to eSpeed’s API or via Financial Information eXchange (FIX) Protocol, an industry standard communication protocol.
Clearing
Clearing services for ELX are provided by the Options Clearing Corporation (OCC), the world’s largest derivatives clearing organization.
The ELX Fee Schedule is available here.
Products Traded Through ELX Futures:
Fixed Income/Interest Rates
Disclaimer
This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but it is not necessarily all inclusive and is not guaranteed as to the accuracy and is not to be construed as representation by Advantage. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results.
Account downloads are not an offer of solicitation for the purchase or sale of any Commodity. Before trading one should be aware that with potential profits there is also potential for losses that may be very large. Futures investing involves risk and is not suitable for everyone. Those acting on this information are responsible for their own actions.
