ELX

New employees and promotions in the trading industry
Futures sat down with ELX Futures CEO Neal Wolkoff a couple of weeks after the launch of ELX to discuss how ELX got out of the gate, what it must do to succeed and the regulatory landscape.
CFTC issued a letter to CME Group saying that ELX's exchange of futures for futures transactions are not wash sales and are consistent with commission precedent.
The CFTC disagreed with the CME Group interpretation of exchange of futures for futures (EFF) transactions and has asked them to justify not allowing such trades.
ELX CEO Neal Wolkoff submitted written testimony to the CFTC and SEC on the two agencies' harmonization efforts on Sept. 14.
ELX submitted a request that the CFTC stay the rule interpretation by CME Group that could prevent CME clearing members from enacting Exchange of Futures for Futures trades.
The new rule allows traders to move positions between clearinghouses.
New financial products
The CFTC ruled, again, that ELX’s exchange of futures for futures (EFF) transactions are not wash sales and are consistent with commission precedent
ELX Futures and CME Group are battling over whether EFF transactions should be allowed.