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Interactive Brokers Will Offer Trading on ELX Futures

^{Published on 2009-12-08 06:06:50 - Market Wire}
 

NEW YORK, NY--(Marketwire - December 8, 2009) - ELX Futures, L.P. (ELX Futures), a new fully electronic futures exchange, announced today that Interactive Brokers Group, Inc. (NASDAQ: [ IBKR ]), an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments, will become a member of the exchange and will offer trading on ELX Futures.

Neal Wolkoff, Chief Executive Officer of ELX Futures, said, "We are pleased to partner with Interactive Brokers, which will provide us with significant presence to a diverse customer base when it offers FCM services for futures contracts traded on ELX Futures. This new relationship with Interactive Brokers further establishes ELX Futures as a competitive, new alternative in the futures marketplace."

"Interactive Brokers has always encouraged increased competition amongst trading venues as it is good for our customers. We look forward to working with ELX in providing an additional outlet for the trading of futures," said Steve Sanders, Senior Vice President, Product Development at Interactive Brokers.

ELX Futures launched trading with an initial slate of four U.S. Treasury futures products on July 10th after receiving regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to become a Designated Contract Market, with OCC as its clearinghouse. ELX has relationships with nine of the top 10 FCMs ranked by segregated funds as published by the Futures Industry Association.

About ELX Futures

ELX Futures, L.P. is a fully electronic alternative exchange founded by leading global financial institutions with the goal of bringing the benefits of enhanced speed, liquidity and cost-efficiency to all market participants. For information and news about ELX, visit [ www.elxfutures.com ] or email us at [ info@elxfutures.com ].

About Interactive Brokers Group, Inc.

Interactive Brokers Group Inc., together with its subsidiaries, is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments on more than 80 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with electronic access to stocks, options, futures, forex, bonds and mutual funds from a single IB Universal Account(SM). Employing proprietary software on a global communications network, Interactive Brokers Group continuously integrates its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.