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ELX Futures, L.P. (ELX) announced today that it has reached a milestone in open interest (OI) in its Eurodollar Futures contract, which was launched in June 2010. ELX also saw a significant rebound in volume and market share in its U.S. Treasury Futures contracts with large gains in its two-year and five-year Treasury notes in October.
MTD October Highlights:
- OI for Eurodollar Futures exceeded 80,000 contracts; Eurodollar OI has more than doubled every month since product launch.
- Single day Eurodollar Futures volume and market share records set at 17.7K and 1.4%, respectively.
- Market share in Eurodollar contracts reached almost 1%, an increase of over 100% since September.
- Market share in ELX’s U.S. Treasury Note Futures reached almost 6% in the two-year and 4% in the five-year notes. Average daily volume for all U.S. Treasury Futures combined is 39% higher than in September.
- ELX continues to aggressively pursue the EFF transaction for the benefit of market users.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “October has been an exciting month for trading activity at ELX. We have succeeded in launching a competitive Eurodollar contract, which has captured almost 1% in market share in the four months since launch, and has seen exponential growth in its open interest. With the summer doldrums behind us, our U.S. Treasury contracts have also shown new momentum as volume and market share have rebounded. These are signs of the growing commitment from our market participants and the great strides that ELX has been making as a competitor in the futures marketplace.”
