Goldman Sachs has joined ELX Futures, a new fully electronic futures exchange, as a founding partner.
ELX Futures is scheduled to begin live trading in U.S. Treasury futures contracts in June, having received regulatory approval Wednesday, 27 May from the U.S. Commodity Futures Trading Commission (CFTC) as a Designated Contract Market.
Goldman Sachs joins other financial institutions as a founding partner in ELX Futures, including Bank of America, Barclays Capital, BGC Partners, Breakwater, Citi, Credit Suisse, Deutsche Bank, GETCO, JPMorgan, Merrill Lynch, PEAK6 and The Royal Bank of Scotland.
“We are pleased to welcome Goldman Sachs to the group of distinguished founding partners of ELX,” says Neal Wolkoff, chief executive officer, ELX Futures. “This new partnership is another step forward to establish ELX as a world-class electronic futures exchange committed to providing low-cost execution, competition and liquidity in trading futures products.”
L.D.