Our Company
Partners
The ELX Advantage
Management Team
Getting Started on ELX
Approved Participants
Careers
FIX and API Specs
Trading Platform
Application Integration
Connectivity
ISV Program
2% 2 Year Note
2% 5 Year Note
2% 10 Year Note
2% 30 Year Bond
2% Ultra Long Bond
6% 2 Year Notes
6% 5 Year Notes
6% 10 Year Notes
6% 30 Year Bonds
6% Ultra Long Bonds
Eurodollar Futures
ELX Daily Issues/Stops
OCC Notices
Contract Specifications
Product Calendar
Conversion Factors
Delivery Process
Corn
Wheat
Soybeans
Soybean Meal
Soybean Oil
Contract Specifications
Product Calendar
Interest Rates
Agricultural
Rules & Regulations
Margin Rates
Notices to Participants
Trading Hours
Fee Schedule
Block Trades
Settlement Prices
Quote Vendor Codes
Market Data Reports
Billing
Clearing
Market Data
Risk Management
General
Trading & Clearing
Technology
Market Data
Home
About ELX
Technology
Products
Services
FAQ
Contact ELX
News & Events
News
Events
Comments & Opinions
Search:
News & Events
ELX Announces Plans to List European Interest-Rate Futures Using Maker-Taker and Taker-Maker Pricing Models
3/15/2011
Media Contact: Mary Chung
ELX Futures, L.P.
(212) 294-7734 /
mchung@elxfutures.com
New York, Mar 15, 2011
– ELX Futures, L.P. (ELX), a leading electronic futures
exchange, announced today that it will move forward with launch plans to trade competitive interest-rate products from NYSE Liffe and Eurex using the maker-taker and taker-maker pricing models, bringing enhanced technology, competitive pricing and market structure innovation to challenge an expanding monopoly structure.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “ELX was created to challenge monopolies, high prices and a lack of effective innovation in the futures industry. Our expansion into Europe is another bold move by ELX to launch competitive pricing, establish an additional European presence, and bring innovation to the global futures marketplace. In addition, ELX will introduce the maker-taker and taker-maker pricing models to give liquidity providers incentives to trade. This is a very exciting time at ELX and we look forward to implementing new initiatives to grow our business and provide market participants with more competition and alternatives."
ELX’s technology provider, BGC Partners, has a strong European presence, the technological infrastructure and well-developed connectivity in place in Europe for ELX to move forward with its plans and focus on a seamless and successful launch of trading these new interest-rate products.
###
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 servi
ces 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.
Via Bloomberg
For real-time access on Bloomberg, type
ELX
<GO>
Via Thomson Reuters
For real-time access on 3000xtra, type
ELX/FUTEX1
Via CQG
For real-time access enter ELX Futures in Search box
Via BGCantor Direct Feed
For information on how to connect via
BGCantor Direct Feed,
email:
marketdata@bgcantor.com
.