ELX Futures
ELX Futures, L.P. (ELX Markets) is a New York-based electronic financial exchange for exchange-traded futures, serving U.S. institutional brokerage firms and market participants with trade execution, confirmation, settlement, and clearinghouse connectivity via a proprietary API and web-based platform. It is a wholly-owned subsidiary of BGC Partners.
- Company typePrivate
- Founded2007
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What ELX Futures does
ELX Futures, L.P., doing business as ELX Markets, is a private U.S. financial exchange operator founded in 2007 and headquartered in New York. The company operates an electronic marketplace for exchange-traded futures, providing trade execution, confirmation, and settlement services to institutional brokerage firms and other market participants. The platform connects participants to central-counterparty clearinghouses and is supported by computer and hardware consultancy and technical support services.
The core technology stack consists of three integrated products: a proprietary API for system integration with brokerage and participant infrastructure, a web-based software platform providing market access and trading functionality, and the underlying trading infrastructure that routes orders to clearinghouse services. All three are designed to operate as a unified exchange platform, with no evidence in the source data of AI/ML, proprietary data assets, or differentiated matching engines. The product surface is narrow by design — focused on futures rather than a multi-asset venue.
ELX is a wholly-owned subsidiary of BGC Partners, a global financial services company, and operates as a horizontal-segment, B2B-only business. Revenue is generated through exchange transaction fees on trade execution, confirmation, and settlement, with no publicly disclosed pricing tiers or fee schedules. The customer base is limited to U.S. institutional brokerage firms and market participants, and distribution is handled through direct enterprise sales ([email protected], 1-212-915-1230) and participant support ([email protected], 1-212-915-1200). No independent funding, M&A, leadership changes, or product launches are evidenced in the available data.
ELX Futures firmographics
Firmographics- Name
- ELX Futures
- Legal name
- ELX Futures, L.P.
- Website
- https://elxmarkets.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ELX Futures, L.P. (ELX Markets) is a New York-based electronic financial exchange for exchange-traded futures, serving U.S. institutional brokerage firms and market participants with trade execution, confirmation, settlement, and clearinghouse connectivity via a proprietary API and web-based platform. It is a wholly-owned subsidiary of BGC Partners.
- Ownership category
- akta.pro rank
ELX Futures industry classification
Industry- Product category
- Futures Exchange
- NAICS
- Securities and Commodity Exchanges (52321), Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Electronic Communication Networks (ECNs) / Crossing Networks (Multi-Asset) (FSAFAEAD)
Keywords
Where ELX Futures is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
ELX Futures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations
Revenue model
- Exchange Transaction Fees: ELX operates as a financial exchange generating revenue through transaction fees associated with trade execution, confirmation, and settlement services for exchange traded futures. The exchange serves brokerage firms and market participants who utilize central-counterparty clearinghouses for clearing and settlement.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
ELX Futures product offering
Product offeringCore offering
ELX Futures operates an electronic financial exchange providing trade execution, confirmation, and settlement services for exchange-traded futures. The platform connects brokerage firms and other market participants to central-counterparty clearinghouses through a proprietary API and a web-based software platform. Wholly owned by BGC Partners, ELX also offers computer and hardware consultancy and technical support services alongside its exchange infrastructure.
Product overview
ELX Futures operates as a unified financial exchange platform offering electronic trading services for exchange traded futures. The core offering consists of a proprietary API, web-based software platform, and trading infrastructure that work together to provide trade execution, confirmation and settlement services. The platform connects brokerage firms and other market participants to central-counterparty clearinghouses. Technical support and consultancy services are provided as supplementary offerings. Wholly owned by BGC Partners.
Differentiator
Problem solved
Functional benefit
Products and services
- ELX Electronic Financial Exchange Platform
- ELX Proprietary API Access to ELX's proprietary API enabling integration with the web-based software platform and trading infrastructure for electronic financial exchange operations, including trade execution, confirmation, and settlement for brokerage firms and other market participants.
- ELX Technical Support and Hardware Consultancy Services Computer and hardware consultancy and technical support services for ELX products and services, accessible via dedicated support hotline and email ([email protected], 212-915-1202).
Companies that use ELX Futures
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
ELX Futures technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ELX Futures partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights1 record
ELX Futures competitors and assessment
Company assessmentBroad incumbents
- Eurex: Eurex is one of the world's largest derivatives exchanges, operated by Deutsche Börse, offering exchange-traded futures and options across multiple asset classes. Comparable to ELX as a major electronic futures exchange operator with clearinghouse integration and institutional broker connectivity.
- Intercontinental Exchange (ICE): ICE operates a global network of exchanges and clearinghouses, including ICE Futures U.S. (formerly NYBOT) and ICE Futures Europe, offering exchange-traded futures and related clearing services. Comparable to ELX as a multi-asset exchange operator with clearinghouse connectivity and a similar institutional customer base.
- CME Group: CME Group is the dominant US exchange-traded futures venue, operating the Chicago Mercantile Exchange, CBOT, NYMEX, and COMEX. Directly comparable to ELX as the primary incumbent in the same product category (exchange-traded futures), with vastly greater scale, liquidity, and product breadth.
- Miami International Holdings (MIAX): MIAX operates a portfolio of US exchange venues including options and futures exchanges (MIAX, Pearl, Emerald, Dorman, Sapphire, and MIAX Futures). Comparable to ELX as a US exchange operator running multiple electronic trading venues with institutional broker clients, though broader in asset class coverage.
Direct peers
- Nodal Exchange: Nodal Exchange is a US-regulated futures exchange focused on power, environmental, and natural gas futures. Directly comparable to ELX as a smaller US-based electronic futures exchange serving institutional participants with a similar B2B operating model.
- Cboe Futures Exchange (CFE): Cboe Futures Exchange is a US-regulated futures exchange operated by Cboe Global Markets, listing exchange-traded futures including VIX futures. Directly comparable to ELX as a US-based, smaller-scale futures exchange venue serving institutional brokers.
Emerging players
- Bakkt: Bakkt operates a regulated marketplace for digital assets and also operates the Bakkt Futures platform (formerly acquired Small Exchange assets). Comparable to ELX in offering a US-regulated electronic futures venue infrastructure targeted at institutional participants, though focused on different underlying asset classes.
- Small Exchange (Small): The Small Exchange was a US CFTC-regulated futures exchange offering simplified smaller-contract futures products before ceasing operations; comparable to ELX as a smaller-scale US electronic futures exchange targeting differentiated product positioning versus CME.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights5 records
Customer concentration
ELX Futures social profiles
Digital presenceELX Futures financial estimates
Financial estimateRevenue estimate
Valuation estimate
ELX Futures leadership team
Management profileNumber of profiles
ELX Futures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ELX Futures M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ELX Futures
What does ELX Futures do?
ELX Futures operates an electronic financial exchange providing trade execution, confirmation, and settlement services for exchange-traded futures. The platform connects brokerage firms and other market participants to central-counterparty clearinghouses through a proprietary API and a web-based software platform. Wholly owned by BGC Partners, ELX also offers computer and hardware consultancy and technical support services alongside its exchange infrastructure.
Is ELX Futures a public or private company?
ELX Futures is a private company. It is classified as corporate owned and is currently operating.
When was ELX Futures founded?
ELX Futures was founded in 2007. It employs 11 to 50 people.
Where is ELX Futures based?
ELX Futures is headquartered in New York, United States, in the North America region.
How does ELX Futures make money?
One revenue line is on record: exchange Transaction Fees.
Who are ELX Futures's main competitors?
Broad incumbents on record are Eurex, Intercontinental Exchange (ICE), CME Group and Miami International Holdings (MIAX). Direct peers are Nodal Exchange and Cboe Futures Exchange (CFE). Emerging players are Bakkt and Small Exchange (Small).
Does ELX Futures have an API?
Yes. ELX provides access to its proprietary API for use with its web-based software platform and infrastructure for trading financial instruments via an electronic financial exchange. The API enables trade execution, confirmation and settlement services for brokerage firms and other market participants.
What industry is ELX Futures in?
ELX Futures's product category is Futures Exchange. Its primary akta.pro industry code is FSAFAEAD, Electronic Communication Networks (ECNs) / Crossing Networks (Multi-Asset). Its NAICS code is 52321 and its SIC code is 6200.