ELX extends quarterly months for ED futures to 5 yr.

New York, Mar 9, 2011 – ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today that it will extend quarterly months for its Eurodollar futures contracts to 5 years from 2 years, effective March 14, 2011.

ELX launched its Eurodollar futures contract in June 2010. Since its launch, the Eurodollar contract has quickly established itself as a popular new contract, setting volume, market share and open interest (OI) records. OI in Eurodollar futures has risen above 300K and market share has hit nearly 2% earlier this week.

Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “ELX is pleased to extend the quarterly months from 2 years to 5 years for its Eurodollar futures contract, which has successfully attracted a wide following of market participants and continues to achieve new milestones. ELX remains committed to implementing new initiatives and introducing new products to benefit customers and to foster competition in the futures space.”

ELX currently lists a total of 12 Eurodollar futures contracts with 8 quarterly contracts and the first 4 serial contracts, which will be expanded to span 5 years with 20 quarterlies and the first 4 serial contracts. In addition to the 2 year bundle, there will be 3, 4 and 5 year bundles available beginning with the nearest quarterly contract.

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