Providing ease of access to futures trading for its customers
BT today announced that ELX Futures, L.P. (ELX Futures), a new fully electronic futures exchange, has connected to the BT service known as the BT Radianz Shared Market Infrastructure to provide its participants with the ability to connect to its trade matching engines. ELX Futures joins over 60 other exchanges, ECNs (Electronic Communications Networks) and MTFs (Multilateral Trading Facilities) that are already connected to BT’s dedicated financial services network.
ELX Futures, which is owned by leading global financial institutions, began live trading in July 2009. Initially, the exchange began trading U.S. Treasury futures contracts on two-year notes, five-year notes, 10-year notes and 30-year bonds, as well as calendar spreads. ELX Futures also plans to move into other major asset classes.
BT’s award winning shared market infrastructure will allow ELX Futures to leverage the expansive global community on the network and capitalize on low-latency connectivity with its members.
Joseph Noviello of BGC Partners and Technology Architect at ELX Futures, said: “ELX Futures is pleased to partner with BT to utilize its Radianz Shared Market Infrastructure, which provides ELX Futures with a solution for seamless and effective connectivity to their existing and growing customer base. Integration with BT allows trading participants and market data vendors easy access to ELX by leveraging their existing BT Radianz Infrastructure.”
Andy Nicholson, vice president, global banking & financial markets, BT, said: “The addition of ELX Futures to the roster of firms using our dedicated financial services infrastructure to distribute their services is an example of our continued efforts to extend the BT Radianz range of products across multiple asset classes and business processes. Our strategy is to work with leading content and service providers in the financial markets, and ELX Futures truly complements this effort.”
BT is one of the world’s leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2009, BT Group’s revenue was £21,390 million.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
For more information, visit www.bt.com/aboutbt
About ELX Futures
ELX Futures, L.P. is a fully electronic alternative exchange based on technology provided by BGC Partners and 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 firstname.lastname@example.org.
For further information:
Enquiries about this news release should be made to the BT Group Newsroom on its 24-hour number: 020 7356 5369. From outside the UK dial + 44 20 7356 5369. All news releases can be accessed at our web site: http://www.btplc.com/News
ELX Media Contact:
ELX Futures, L.P.
(212) 294-7734 / email@example.com