07-28-2009, 09:37 PM
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| ELX Futures Exchange Intro
Taken from the ELX website description:
"ELX Futures, L.P. (ELX Futures) is a new fully regulated electronic futures exchange formed in December 2007 by leading financial institutions to establish a faster, more efficient competitive alternative for global market participants trading futures contracts. Starting July 10, 2009, with a slate of four U.S. Treasury futures contracts, ELX Futures will allow for market arbitrage, outright and spread execution and cash/futures basis trading through multiple front ends and an ultra fast matching engine. "
ELX was setup by banks and financial institutions in order to compete with Globex. From my understanding the formation of ELX was due to inflexibility of the exchanges and increase in commissions. Currently ELX only holds treasury futures.
The following instruments are available: 2yr, 5yr, 10yr, and 30yr
Margin rates: 
10yr chart: 
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