ELX seeks approval to challenge CME

Source: ELX Electronic Liquidity Exchange

ELX Electronic Liquidity Exchange (ELX), a fully electronic futures exchange formed by leading financial institutions, today filed an application with the U.S. Commodity Futures Trading Commission (CFTC) to become a Designated Contract Market (DCM).

Approval of the application, available on the CFTC's web site at cftc.gov, is required for ELX to begin operating as a fully regulated exchange under CFTC oversight.

This announcement follows the appointment of ELX's selection of Options Clearing Corporation for clearing and delivery services.


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