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MF Global connects to ELX Futures

06 July 2009  |  1575 views  |  0 Source: ELX Futures

ELX Futures, L.P. (ELX Futures), a new fully electronic futures exchange, announced today that MF Global Ltd. (NYSE:MF), a leading intermediary offering customized solutions in global cash and derivatives markets, will become an exchange Participant and offer FCM services for ELX Futures, which will launch trading in U.S. Treasury futures contracts on July 10.

"As a global company operating in 14 countries, we pride ourselves in providing our clients with access to an unparalleled array of products on more than 70 exchanges worldwide," said Bernard W. Dan, Chief Executive Officer, MF Global. "In connecting with ELX Futures, once again MF Global is demonstrating its commitment to meeting our clients' increasing demand for broad-based, multi-market access."

Neal Wolkoff, Chief Executive Officer of ELX Futures, said, "We are pleased to partner with MF Global, a leading brand in the futures world. We are confident MF Global will provide significant outreach to a wide array of potential customers when it offers FCM services for futures contracts traded on ELX Futures. With our upcoming launch, this new relationship further supports our goal of becoming an innovative alternative in the futures marketplace."

ELX Futures received regulatory approval May 27 from the U.S. Commodity Futures Trading Commission (CFTC) to become a Designated Contract Market, with OCC as its clearinghouse. The initial suite of products will offer trading in U.S. Treasury futures contracts, with the intention of moving into other major asset classes.

 

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