ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today solid July results with strong year-over-year average daily volume (ADV) performances in U.S. Treasury and Eurodollar futures contracts. ELX traded 1.2M contracts in July and celebrated its second-year anniversary as an electronic futures exchange on July 10.
Year-over-year ADV for the month of July increased 69% for ELX’s combined futures products in July. Eurodollar futures gained momentum with market share and open interest rising in the contract in July from the prior month. Year-over-year growth in market share for the month of July in Eurodollar futures was up 397%. The 30-year bond also saw strong year-over-year growth in market share for the month of July, up 807%.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “Though summer is upon us, July remained a good month for ELX with Eurodollars showing solid improvement in market share and open interest. ELX also saw the benefits of implementing initiatives that result in advantages for market participants. While competitors maintain a higher tick size, ELX’s 1/2 tick size for its 30-year bond assures market participants that they are not missing out on additional liquidity and also gives them an opportunity for better fills when aggregating liquidity across multiple exchanges.”