ELX Futures Partners with Advantage Futures for FCM Services

ELX inks new FCM relationship to boost its reputation as a competitive alternative in electronic futures trading.

Electronic alternative exchange ELX Futures said that Advantage Futures LLC, a technology-focused futures brokerage firm, would become an authorized participant and offer futures commission merchant (FCM) services for ELX.

In a statement, Neal Wolkoff, CEO of ELX Futures, said, “We are pleased to partner with Advantage Futures and welcome their significant customer base to our electronic trading platform. This is an exciting time for ELX and this new FCM relationship further cements our reputation as a competitive alternative in electronic futures trading.” Joseph Guinan, Chairman and CEO of Advantage Futures, said, “As a leading high-volume clearing firm with a diverse and growing client base, Advantage continues to seek new opportunities for our clients. We received great interest in ELX Futures and we are pleased to partner with ELX to offer clearing and execution services.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio