Country for PR: United States
Contributor: PR Newswire New York
Wednesday, May 26 2021 - 21:00
AsiaNet
FairX Announces New Futures Exchange for Retail Investors
CHICAGO, May 26, 2021 /PRNewswire-AsiaNet/ --

In alignment with many of the largest online brokerage firms, clearing firms 
and liquidity providers, FairX ( 
https://c212.net/c/link/?t=0&l=en&o=3173694-1&h=3845219905&u=http%3A%2F%2Fwww.fairx.com%2F&a=FairX 
) today announced plans to launch a new CFTC-regulated futures exchange to 
offer smaller, simpler, more accessible futures for active individual 
investors. 

Logo - https://mma.prnewswire.com/media/1517084/FairX_Logo.jpg  

A wide range of firms have committed to offering FairX products at launch, 
including TD Ameritrade, E*Trade Financial, ABN AMRO Clearing Chicago LLC, ADM 
Investor Services, Advantage Futures, Dorman Trading, StoneX, Wedbush, Virtu 
Financial and XTX Markets. Nodal Clear, part of EEX Group, which is in turn 
part of Deutsche Börse Group, will provide clearing services to FairX.

Launching in June, FairX will offer low-cost, around-the-clock trading access 
to the most liquid asset classes in the global futures industry. FairX will 
have an initial product slate that includes futures on the Bloomberg US Large 
Cap Index, tracking the largest 500 companies by market cap, the Bloomberg US 
Dollar Spot Index, tracking the value of the U.S. dollar against a basket of 
international currencies, as well as the SuperTech Index, tracking 15 of the 
largest and most actively traded companies engaged in high-growth technology, 
media and manufacturing industries.(1)

FairX CEO Neal Brady said: "We're delighted to work with many of the industry's 
leading firms to offer a futures trading venue designed to meet the needs of 
the global retail futures trader. FairX aims to democratize access to futures 
and options on futures by delivering superior products, seamless access and 
dramatically lower exchange costs to the active retail trading community."

"As investors in FairX and strategic contributors to the platform, we believe 
the FairX offering will provide attractive product and execution alternatives 
to our global clients," said J.B. Mackenzie, Managing Director at TD Ameritrade 
Futures & Forex, LLC. "We look forward to working with the FairX team to expand 
the retail futures landscape."

"As a leading U.S. clearing house across an expanding range of asset classes, 
we're excited to work with FairX to serve the needs of the global retail 
trading community by providing reliable, virtually around-the-clock clearing 
and settlement services," said Paul Cusenza, Chairman & CEO of Nodal Clear.

FairX has closed multiple financing rounds led by Hyde Park Venture Partners 
with participation from Battery Ventures, Limerick Hill, LLC, TD Ameritrade, 
Virtu Financial and XTX Ventures. 

To learn more about FairX, please visit www.fairx.com | LinkedIn: FairX ( 
https://c212.net/c/link/?t=0&l=en&o=3173694-1&h=2590267832&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F68308661&a=FairX 
) | Twitter: @fairx ( 
https://c212.net/c/link/?t=0&l=en&o=3173694-1&h=1705007030&u=https%3A%2F%2Ftwitter.com%2Fthefairxchange&a=%40fairx 
).

About FairX 

FairX(TM) was founded in collaboration with leading online brokers to meet the 
needs of the global retail investor. FairX is a trademarked operating name of 
LMX Labs, LLC, the legal entity registered as a Designated Contract Market 
(DCM) regulated by the U.S. Commodity Futures Trading Commission (CFTC). The 
exchange clears through Nodal Clear, a Derivatives Clearing Organization (DCO) 
and part of EEX Group, which is in turn part of Deutsche Borse Group.

(1) All products are subject to regulatory review.

SOURCE  FairX

CONTACT: Ellen G. Resnick, Crystal Clear Communications, +1 773-929-9292; +1 
312-399-9295 (mobile), eresnick@crystalclearPR.com
Translations

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