ELX NAMES RICHARD JAYCOBS CHIEF EXECUTIVE OFFICER01.20.2012
New York, January 20, 2012 – ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today that veteran futures industry executive Richard Jaycobs will succeed Neal Wolkoff as Chief Executive Officer of ELX.
Mr. Jaycobs, a 25-year veteran of the futures and derivatives industry, has served as President of the Cantor Exchange, a CFTC-regulated exchange committed to providing the market with innovative products in entertainment, weather, and news events. Earlier, he served as CEO of the Chicago-based Clearing Corporation (formerly the Board of Trade Clearing Corporation), CEO of onExchange, and Managing Director at the New York Cotton Exchange.
ELX launched in July 2009 to establish a faster, more efficient, competitive alternative for global market participants trading future contracts. ELX’s founding firms include leading financial institutions, dealers, trading firms and a major electronic and voice broker and technology provider: Bank of America Merrill Lynch, BGC Partners, Barclays Capital, Breakwater/Peak6, Deutsche Bank, Citi, Morgan Stanley, Goldman Sachs, Credit Suisse, RBS, J.P. Morgan, and Getco.
Using BGC Partners’ proven eSpeed electronic trading platform, and focused on providing low-cost execution, competition and liquidity in the interest rate futures marketplace, ELX currently offers US Treasury Futures (2, 5, and 10-year notes and 30-year and ultra long-term bonds) and Eurodollar Futures. ELX enables market arbitrage, both outright and spread execution, and cash/futures basis trading through multiple front ends with an ultra-fast matching engine.
Mr. Jaycobs said, “ELX has firmly established a liquid market and a diverse customer base for interest rate futures, and I am excited about the challenge and opportunity to continue offering futures market participants a compelling fee structure, superior services and robust technology.”
About ELX Futures
ELX Futures, L.P. is a fully electronic exchange founded by leading global financial institutions with the goal of bringing the benefits of cost-efficiency, liquidity, market continuity and enhanced speed to all market participants. For information and news about ELX, visit www.elxfutures.com
For real time access:
Via Bloomberg, type ELX
Via Thomson Reuters on 3000xtra, type ELX/FUTEX1
Via CQG, enter ELX Futures in Search
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ELX Futures, L.P. is a fully electronic exchange founded by leading global financial institutions with the goal of bringing the benefits of cost-efficiency, liquidity, market continuity and enhanced speed to all market participants. For information and news about ELX, visit www.elxfutures.com or email us at firstname.lastname@example.org. Clearing services are provided by the Options Clearing Corporation (OCC) a AAA rated clearing organization and the world’s largest derivative clearing organization. For information on OCC financial safeguards, visit
ELX market data is available through Bloomberg, Thomson Reuters, CQG and BGCantor Market Data.
Via Bloomberg – For real-time access on Bloomberg, type ELX
Via Thomson Reuters – For real-time access on 3000xtra, type ELX/FUTEX1
Via CQG – For information on how to connect via CQG, email: email@example.com
Via BGC Market Data – For information on how to connect via BGCMD Direct Feed, email: firstname.lastname@example.org