ELX reduces minimum block trade levels

New York, Jan 11, 2011 – ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today that it has reduced minimum block trade levels to 300 contracts from 1,000 contracts for the 5, 10, and 30 year U.S. Treasury futures contracts as well as the Ultrabond. The new block trade sizes are effective immediately. The block trade size for the 2-year futures contract remains at 1,000 contracts.

Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “ELX is pleased to revise its minimum block trade threshold to 300 contracts from 1,000 contracts for the 5, 10, 30 year (including Ultrabond) U.S. Treasury futures contracts, which will make it more appealing for market participants to trade on ELX and give them the benefits that come with a reduced minimum level for block trades. ELX will continue to implement new initiatives to attract participants to our markets and foster competition.”

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