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2% 2 Year Note
2% 5 Year Note
2% 10 Year Note
2% 30 Year Bond
2% Ultra Long Bond
6% 2 Year Notes
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6% 10 Year Notes
6% 30 Year Bonds
6% Ultra Long Bonds
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Trading Platform
ELX Futures, L.P. (ELX) uses the BGC Partners' eSpeed electronic trading platform, a world-class provider of electronic brokerage services. eSpeed's proven technology platform, modified to support ELX and the futures industry, emphasizes scalability, resiliency and reliability. The technology is expected to be the fastest execution platform for US Treasury futures contracts domiciled in the United States.
BGC Partners' eSpeed technology platform enables maximum liquidity through a combination of high-speed execution and the number of participant firms currently connected to the system.
Participants can connect to the ELX platform directly through the BGC Partners eSpeed proprietary
Application Protocol Interface
(API), through an
Independent Software Vendor
(ISV) or via
Financial Information eXchange
(FIX), an industry standard communication protocol. In addition to the trading of ELX products, connecting via BGC Partners' eSpeed platform also provides participants with access to the trading of a broad universe of assets including US Treasury Cash Markets and European Government Bonds.
Each contract within ELX Futures is configured to match orders based on a Pro Rata, FIFO or split Pro Rata algorithm consistent with industry expectations. Outright 5 year, 10 year and 30 year and Ultra Long-Term contracts match based on the FIFO algorithm. The 2 year contract matches with a 60/40 split Pro Rata and FIFO distribution and all calendar spreads match based on a Pro Rata algorithm. ELX Eurodollar outright futures and calendar spreads operate using a combined First and Pro Rata matching algorithm. All packs and bundles are matched using a FIFO matching algorithm.