New Electronic Futures Exchange Gets Name, Connectivity Partner
Its finally official, almost three months after the first announcement that a consortium of financial firms and technology providers would be launching an electronic futures exchange to go up against the Chicago Mercantile Exchange (CME), the exchange has a name.
The Electronic Liquidity Exchange, dubbed ELX, was announced at last week's Futures Industry Association (FIA) event in Boca Raton, Florida. It was also announced that ELX had signed a deal with Realtime Systems Group (RTS) as its first ISV partner.
RTS will provide connectivity to traders at hedge funds, investment firms, banks and brokers on four continents.
The exchange was previously called the Four Seasons Exchange and has announced plans to launch trading in U.S. Treasury futures this year with other products to follow.
For more on the new electronic futures exchange check out:
New Electronic Futures Exchange Could Take On Chicago Mercantile Exchange
New Futures Exchange Takes a Name: ELX Electronic Liquidity Exchange