ELX Futures, L.P. (ELX Futures) announced today its 2009 year-end results with total volume exceeding 5 million contracts; average daily volume surpassing 41 thousand contracts; open interest topping 20 thousand contracts and ELX becoming the best performing new financial futures exchange launched this past decade.
Since its launch on July 10th, with four U.S. Treasury futures products, the new fully electronic futures exchange has been gaining volume and market share. ELX also announced in 2009 that it will launch the Ultra Long-Term U.S. Treasury Bond Futures contract and a STIR (Short-Term Interest Rate) Eurodollar futures contract in 2010.
2009 Highlights:
* ELX Futures launched as a fully electronic Designated Contract Market to trade U.S. Treasury Futures contracts on
* Total volume in 2009 exceeded 5mm contracts
* ADV in 2009 exceeded 41K contracts; ADV exceeded 50K contracts in the month of October
* ELX market share in 2 Year Note futures was 3.6% for 2009 and 6.1% in the month of December
* ELX market share in 5 Year Note futures was 3.7% for 2009; 3.3% in the month of December and hitting a high of 4.9% in the month of October
* ELX had 15 straight days of open interest exceeding 20K contracts to end 2009
* CFTC approved ELX's Exchange of Futures for Futures "EFF" rule
* ELX announced it will launch the Ultra Long-Term U.S. Treasury Bond Futures contract and a STIR Eurodollar futures contracts in 2010 with an options contract under evaluation
* Goldman Sachs and Morgan Stanley joined ELX as founding partners
* Interactive Brokers, MF Global and Newedge registered with ELX to offer FCM services for futures contracts traded on ELX Futures
* ELX was the best performing new financial futures exchange launched this past decade
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, "ELX Futures has succeeded in achieving significant milestones since our launch in July 2009. I am immensely proud of the remarkable strides that we have made in making a meaningful impact in the futures space. We will continue to compete aggressively to offer market participants a compelling alternative in global futures trading."
Among the noteworthy highlights of 2009 was the approval of the EFF rule. In October, the U.S. Commodity Futures TradCommodity FCommodity Futures Trading Commission approved ELX's Exchange of Futures for Futures rule that permits market participants to buy and sell two futures contracts from two different exchanges offering the same product. The application from ELX Futures was submitted on July 6, 2009 through Sep
ELX was also pleased to partner with Interactive Brokers, Newedge and MF Global in 2009 to offer FCM services for futures contracts traded on ELX Futures, as well as welcome Goldman Sachs and Morgan Stanley as founding partners.
At the end of 2009, ELX announced that it will launch its new Ultra Long-Term U.S. Treasury Bond Futures contract on Monday, January 11, 2010. ELX also announced in 2009 that it plans to launch a futures contract based on the Eurodollar interest rate in the second quarter of 2010.