ELX Launches Its ISV Program

BOCA RATON, Fla., March 12 /PRNewswire/ -- ELX Electronic Liquidity Exchange, a fully electronic futures exchange recently formed by 12 leading financial institutions, today launched its Independent Software Vendor (ISV) program to support access to the exchange by a wide range of market participants.

ELX is committed to creating deep liquidity, providing rapid execution, and lowering trading costs for market participants by leveraging the electronic trading system of eSpeed, its technology provider. Participating ISVs will provide connectivity to their existing clients, new market participants, the global financial institutions that formed the new futures exchange, and other institutions and futures commission merchants (FCMs) that will trade on the new exchange.

Tom Rubio of PEAK6 and Board member of ELX commented, "ELX is excited to open its doors to the global ISV marketplace. The exchange looks forward to working closely with ISVs as partners in serving their clients as this is the first time that ISVs will have direct access to the eSpeed electronic platform."

About ELX

ELX Electronic Liquidity Exchange was established by 12 leading financial institutions as a competitive alternative serving global futures market participants. The founding firms include Bank of America, Barclays Capital, Citadel, Citigroup, Credit Suisse, Deutsche Bank Securities, eSpeed, GETCO, JPMorgan, Merrill Lynch, PEAK6 and The Royal Bank of Scotland. US Treasury futures are expected to be the first product launched by the exchange in 2008, with additional products anticipated thereafter. eSpeed is the technology provider for ELX, which will leverage eSpeed's proven, proprietary electronic trading system to provide high-quality execution and market leading execution speeds.

ISVs interested in information about participating with ELX are invited to contact Rob Brown in Chicago at 312-469-7522 or rbrown@espeed.com, or Joe Noviello in New York at 212-610-3636 or jnoviello@espeed.com.