ELX Electronic Liquidity Exchange (ELX) said today it will conduct up to four pre-launch testing sessions in May.
The tests are in preparation for the scheduled start of live U.S. Treasury Futures trading on ELX in June, subject to approval by the Commodity Futures Trading Commission.
ELX is built on BGC Partners' eSpeed electronic trading platform, widely used by leading financial institutions for trading multiple assets, including U.S. Treasury cash markets and European government bonds. Clearing and delivery services for ELX are provided by The Options Clearing Corporation.