Exchange and Clearing Fees

U.S. Treasury futures

Fee Schedule Highlights

·         Only two fee tiers

·         Fee is determined at the customer account level based on ELX usage on a monthly basis

·         There is no additional surcharge associated with block trades, EFP’s, give-ups or trade busts

·         Once a trader reaches the higher Average Daily Volume threshold during a monthly billing period, then all the trades during that month qualify for the lower rate retroactively

·         Average Daily Volumes include Block trade volume, EFP volume and ordinary trade volume in the account for the month (i.e. if an account attains an Average Daily Volume of 401 contracts and above, exchange and clearing fee charged will be $0.09 per contract regardless of whether the trade was part of a block or regular transaction)

·         No shareholding or membership requirements tied to fees

·         ELX Futures will keep this fee structure in place for a minimum of one year from time of launch