ELX Reports Open Interest And Volume Records In Eurodollar Futures - Sees Rebound In U.S. Treasury Futures For The Month Of October

ELX Futures, L.P. (ELX) announced today that October was a record-setting month for its Eurodollar Futures contract, which was launched in June 2010. ELX reported record open interest (OI) and volume in Eurodollar futures and it also saw a rebound in its U.S. Treasury Futures contracts for the month of October.

On Friday, October 29, OI for Eurodollar futures hit 110,855 contracts, with OI more than doubling every month since launch. Eurodollar futures also set a new volume record, reaching 20,227 contracts on Tuesday, October 26. Month over month, market share in Eurodollar contracts increased over 100% since September. 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 the five-year Treasury notes. The five-year note also set a daily volume record in October.

MTD October Highlights:

OI for Eurodollar futures exceeded 100,000 contracts; Eurodollar OI has more than doubled every month since product launch.
Single day Eurodollar futures volume and market share records set at 20K and 1.4%, respectively.
Market share in Eurodollar contracts reached almost 1%, up over 100% from September.
Market share in ELX’s U.S. Treasury note futures was at 6% in the two-year and 4% in the five-year notes.
The five-year Treasury note set a daily volume record on Friday, October 29 with 37,482 contracts traded.
Average daily volume for all U.S Treasury futures combined is 42% 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 was a very productive and exciting month for ELX. We are pleased with the open interest and volume records that we have achieved in our new Eurodollar Futures contract and the resurgence of trading activity in our U.S. Treasury products. We strongly believe that this shows market participants are hungry for an alternative futures marketplace. ELX expects to continue to build momentum and achieve new milestones as we attract more customers to our business.”