ELX Futures, L.P.
ELX Futures, L.P. (ELX Futures) is a new fully regulated electronic futures exchange, founded by a group of leading global financial institutions to establish a faster, more efficient competitive alternative for global market participants trading futures contracts. BGC Partners owns approximately 49% of ELX Futures.
ELX Futures launched on July 10, 2009 with a slate of four U.S. Treasury futures contracts. ELX Futures allows for market arbitrage, outright and spread execution and cash/futures basis trading through multiple front ends and an ultra fast matching engine. The exchange expects to add additional products over time.
ELX uses the proven technology of the BGC Partners’ eSpeed platform. BGC is one of the two largest providers of electronic brokerage services for cash U.S. Treasury products in the world. The eSpeed platform has been modified for futures executions, and enhanced for additional capacity and speed. eSpeed has been benchmarked at execution speeds that will make it among the fastest execution platform for futures contracts globally.
ELX allows its users to connect to the eSpeed platform in one of several ways: directly through eSpeed’s proprietary Application Protocol Interface (API); through an Independent Software Vendor (ISV) which has itself programmed to eSpeed’s API, or via Financial Information eXchange (FIX) Protocol, an industry standard communication protocol.
For more information please go to www.elxfutures.com
