ELX Futures had reached more than 19,000 contracts in volume as of 4 pm on the first day of trading for the new exchange.
ELX CEO Neal Wolkoff, said, “Our prices were continuously in lockstep with the Chicago market all day. With an hour to go we’ve had over 8,000 trades resulting in more than 19,000 contracts traded. We’ve bettered our 5 millisecond turnaround time. We exceeded every goal we set, and have a solid foundation to build on for next week.”
Treasuries gain as Spanish finances add to European debt concern
Treasuries rose amid concern the European debt crisis will worsen as Spain’s regional governments are said to be struggling with finances, stoking demand for government debt.
ProShares launches ETF that targets highly rated corporate bonds
The ETF invests in covered bonds, a type of collateralized corporate debt typically issued by non-U.S. financial institutions.
Euro falls to 22-month low as German business confidence slides
The euro traded close to the weakest level since July 2010 versus the dollar as German business confidence slid and manufacturing shrank, stoking concern fallout from the debt crisis is spreading.
Crude options volatility rises as futures near $90 a barrel
Crude-oil options volatility rose for the first time in three days as underlying futures slipped below $90 a barrel.
