ELX Futures, a New Electronic Futures Exchange, to Launch July 10
New York, July 6, 2009 – ELX Futures, L.P. (ELX Futures), a new fully electronic futures exchange, announced today that MF Global Ltd. (NYSE:MF), a leading intermediary offering customized solutions in global cash and derivatives markets, will become an exchange Participant and offer FCM services for ELX Futures, which will launch trading in U.S. Treasury futures contracts on July 10.
“As a global company operating in 14 countries, we pride ourselves in providing our clients with access to an unparalleled array of products on more than 70 exchanges worldwide,” said Bernard W. Dan, Chief Executive Officer, MF Global. “In connecting with ELX Futures, once again MF Global is demonstrating its commitment to meeting our clients’ increasing demand for broad-based, multi-market access.”
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “We are pleased to partner with MF Global, a leading brand in the futures world. We are confident MF Global will provide significant outreach to a wide array of potential customers when it offers FCM services for futures contracts traded on ELX Futures. With our upcoming launch, this new relationship further supports our goal of becoming an innovative alternative in the futures marketplace.”
ELX Futures received regulatory approval May 27 from the U.S. Commodity Futures Trading Commission (CFTC) to become a Designated Contract Market, with OCC as its clearinghouse. The initial suite of products will offer trading in U.S. Treasury futures contracts, with the intention of moving into other major asset classes.
About MF Global
MF Global Ltd. (NYSE:MF), is a leading intermediary offering customized solutions in global cash and derivatives markets. It provides execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market. MF Global is uniquely diversified across products, trading markets, customers and regions. Its worldwide client base includes financial institutions, industrial groups, private investment (including hedge) funds and other asset managers as well as professional traders and private/retail clients. MF Global operates in 14 countries on more than 70 exchanges, providing access to some of the largest financial markets in the world and is the leader by volume on many of these markets. For more information, please visit www.mfglobal.com.
About ELX Futures