New futures exchange in U.S. to begin operations in June

The Electronic Liquidity Exchange marks the latest effort to break into the U.S. futures markets, which is monopolized by the CME Group. Bank of America, Credit Suisse, Barclays Capital, Deutsche Bank Securities, Citi, JPMorgan, Merrill Lynch, RBS, BGC Partners, a couple of market-making firms and a trading-technology firm established ELX in December 2007.

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http://www.ft.com/cms/s/0/27814ae0-0e48-11de-b099-0000779fd2ac.html