Conceived to meet the needs of the institutional and dealer marketplace, ELX delivers clearable swaps to LCH, ICE and other swap clearing DCOs. ELX was approved as a “DCM” (Designated Contract Market) in 2009 and self-certified its first swaps contracts on September 30, 2013.
ELX accommodates many familiar execution mechanisms used by traditional voice brokers including Cross Trades in any size and Block Trades. In addition, a variety of order types are available for ELX’s Fully Electronic Central Limit Order Book.
ELX’s founding members included: Bank of America, Barclays Capital, BGC Partners, Breakwater, Citadel, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, KCG, Morgan Stanley, Peak6, and The Royal Bank of Scotland.