ELX Futures Reports Record Volume and Market Share for January 2010

Media Contact: Mary Chung

ELX Futures, L.P.

(212) 294-7734 / mchung@elxfutures.com

 

New York, February 1, 2010 – ELX Futures, L.P. (ELX Futures) announced today record market share in the month of January for the combined five U.S. Treasury futures products. ELX also reported its highest average daily volume (ADV) in the 2 and 10 Year Treasury Notes and 30 Year Treasury Bonds.

 

On the regulatory front, ELX was pleased to be notified that the Commodity Futures Trading Commission (CFTC) staff had sent the CME Group a letter that the Exchange of Futures for Futures (EFF) Rule is consistent with the requirements of the Commodity Exchange Act (CEA) and that the CME had “mischaracterized” the CEA. Also, the CFTC approved ELX’s request to expand the block trade reporting window to 15 minutes from 5 minutes.

 

January Highlights:

 

• ELX set monthly market share records in the 2 Year Note at 6.5% and 30 Year Note at 2.6%.
• ELX set a total market share record for the combined five U.S. Treasury futures products at 2.8%.
• January ADV was nearly 51K contracts.
• Record monthly ADV in 2 Year Notes at 16.5K, 10 Year Notes at 13.2K and 30 Year Bonds at 6.5K.
• Total Open Interest averaged above 20K in January for combined U.S. Treasury futures contracts.
• Open Interest hit new highs in the 5 Year Note at nearly 8K contracts and 10 Year Note at over 7K contracts in January.

Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “ELX started 2010 with a strong performance setting several new volume and market records in the month of January. We expect to continue to build momentum and achieve new milestones as we attract more market participants to our business. We were also pleased by regulatory support for EFF transactions, which CFTC staff found were consistent with the requirements of the CEA. This is a validation of our position on EFFs and we commend the CFTC staff.”

 

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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.