ELX Futures, L.P. (ELX Futures), a fully electronic futures exchange, announced today a new 18-cents one-tier fee schedule 18-cents/contract bundled fee for all users. The Eurodollar Futures contract recently joined ELX’s suite of U.S. Treasury Futures products already trading
Advantages of the ELX model are: (1) no ADV requirements; (2) simple no-cost registration process without traditional membership obligations; (3) operational simplicity of only one fee tier and (4) no fee surcharges for block trades, EFRPs, errors or give-ups.
To support institutional trading needs and ensure that investors are able to execute large volume trades at a fair and reasonable price without creating undesirable volatility in the marketplace, ELX Futures will allow block trades to be submitted meeting the minimum quantity of 500 contracts.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “I am pleased to announce ELX’s new one-tier fee schedule of 18 cents for our Eurodollar Futures contracts. The new fee schedule removes any ADV requirements and will provide cost savings for most users. ELX is constantly finding ways to improve pricing power for our market participants and to drive competition in a consolidated environment of interest rate futures trading.”
*ELX reserves the right to change transaction fees on notice.