ELX volume, market share up on 2nd trading day

Mon Jul 13, 2009 2:15pm EDT
 
[-] Text [+]

CHICAGO, July 13 (Reuters) - Trading volume and market share at ELX Futures LP was higher on Monday, the new exchange's second day of attempting to wrestle business away from the dominant CME Group (CME.O).

Through early afternoon, total volume in ELX's U.S. Treasury debt futures, which range from two-year to 30-year maturities, was over 22,000 contracts, against about 19,500 that changed hands on Friday.

In a relatively quiet day for Treasury debt trading, ELX had about a 2.9 percent market share, up from the 1.5 percent share it grabbed on Friday. Bids and offers were running tick-for-tick with CME's more liquid contracts.

New York-based ELX has the backing of 13 major banks and brokerage firms. (Reporting by Ros Krasny; Editing by Leslie Adler)

 

Companies In This Article

More News

Modest volume as upstart ELX Futures mart debuts
Friday, 10 Jul 2009 03:31pm EDT 
ELX futures exchange invades CME turf
Friday, 10 Jul 2009 12:01am EDT 
ELX Futures not to charge for July trades
Thursday, 9 Jul 2009 02:34am EDT 

Featured Broker sponsored link