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FairX announces new futures exchange for retail investors


In alignment with many of the largest online brokerage firms, clearing firms and liquidity providers, FairX is to launch a new CFTC-regulated futures exchange to offer smaller, simpler, more accessible futures for active individual investors. 

A wide range of firms have committed to offering FairX products at launch, including TD Ameritrade, ETrade 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 US 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. 

FairX CEO Neal Brady says: “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 democratise 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,” says JB 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 US 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,” says 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. 

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