ELX Futures, L.P. (ELX) announced today that it has set new records in open interest (OI) and volume in its Eurodollar futures contract during the first trading session of December. OI for Eurodollar futures hit 198K contracts on December 1, with OI surging almost 80% since October.
The Eurodollar futures contract also kicked off December by setting a new volume record, with over 56K contracts traded, an increase of 38% from its previous record on November 30. Eurodollar futures continued to gain market share, hitting 2% on December 1, another new record, and continuing to build on November's 88% improvement in Average Daily Volume over October.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “We continue to achieve new milestones with our Eurodollar futures contract, which was launched in June 2010. In the past six months the Eurodollar futures contract has established itself as an attractive new contract that has captured the interest of the futures marketplace. ELX remains committed to driving competition in a consolidated exchange environment of interest rate futures trading and the Eurodollar futures contract is a great testament to our efforts.”