ELX Futures (ELX Futures), a new fully electronic futures exchange, announced today that Goldman Sachs has joined ELX as a founding partner.
ELX Futures is scheduled to begin live trading in U.S. Treasury futures contracts in June, having received regulatory approval Wednesday, May 27 from the U.S. Commodity Futures Trading Commission (CFTC) as a Designated Contract Market.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, "We are pleased to welcome Goldman Sachs to the group of distinguished founding partners of ELX. This new partnership is another step forward to establish ELX as a world-class electronic futures exchange committed to providing low-cost execution, competition and liquidity in trading futures products."
Goldman Sachs joins other leading financial institutions as a founding partner in ELX Futures, including Bank of America, Barclays Capital, BGC Partners, Breakwater, Citi, Credit Suisse, Deutsche Bank, GETCO, JPMorgan, Merrill Lynch, PEAK6 and The Royal Bank of Scotland.