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ELX Extends Quarterly Months for Eurodollar Futures Contracts to 5 Years from 2 Years
3/9/2011
Media Contact: Mary Chung
ELX Futures, L.P.
(212) 294-7734 /
mchung@elxfutures.com
New York, Mar 9, 2011
– ELX Futures, L.P. (ELX), a leading electronic futures
exchange, announced today that it will extend quarterly months for its Eurodollar futures contracts to 5 years from 2 years, effective March 14, 2011.
ELX launched its Eurodollar futures contract in June 2010. Since its launch, the Eurodollar contract has quickly established itself as a popular new contract, setting volume, market share and open interest (OI) records. OI in Eurodollar futures has risen above 300K and market share has hit nearly 2% earlier this week.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “ELX is pleased to extend the quarterly months from 2 years to 5 years for its Eurodollar futures contract, which has successfully attracted a wide following of market participants and continues to achieve new milestones. ELX remains committed to implementing new initiatives and introducing new products to benefit customers and to foster competition in the futures space.”
ELX currently lists a total of 12 Eurodollar futures contracts with 8 quarterly contracts and the first 4 serial contracts, which will be expanded to span 5 years with 20 quarterlies and the first 4 serial contracts. In addition to the 2 year bundle, there will be 3, 4 and 5 year bundles available beginning with the nearest quarterly contract.
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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
.
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