ELX Futures, L.P. (ELX Futures), a new fully electronic futures exchange, announced today that Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments will become a member of the exchange and will offer trading on ELX Futures.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “We are pleased to partner with Interactive Brokers, which will provide us with significant presence to a diverse customer base when it offers FCM services for futures contracts traded on ELX Futures. This new relationship with Interactive Brokers further establishes ELX Futures as a competitive, new alternative in the futures marketplace.”
“Interactive Brokers has always encouraged increased competition amongst trading venues as it is good for our customers. We look forward to working with ELX in providing an additional outlet for the trading of futures,” said Steve Sanders, Senior Vice President, Product Development at Interactive Brokers.
ELX Futures launched trading with an initial slate of four U.S. Treasury futures products on July 10th after receiving regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to become a Designated Contract Market, with OCC as its clearinghouse. ELX has relationships with nine of the top 10 FCMs ranked by segregated funds as published by the Futures Industry Association.