BGC Partners Inc (BGCP)

[Painterguy1]

ELX Futures Exchange is going to make this a $20 stock in a year or two IMHO...

BGCP owns 25% of it...


Who We Are
ELX Futures, L.P. (ELX Futures) is a new fully regulated electronic futures exchange established by leading financial institutions. Starting July 10, 2009, with a slate of four U.S. Treasury futures contracts, ELX Futures will allow for market arbitrage, outright and spread execution and cash/futures basis trading through multiple front ends and an ultra fast matching engine


ELX Futures’ Notables
With major firms linking ELX Futures’ prices with other related cash and futures markets’ prices, ELX will provide competitive market prices at lower cost. Users meeting a low Average Daily Volume threshold of 401 contract sides will pay fees of 9¢/side, including clearing. Block trades have no fee surcharge, and must meet a minimum volume of 1000 contracts in Notes, and 500 contracts in Bonds. There are no EFP or Give-Up surcharges. Basis trades have ultra low latency since the BGC cash market and ELX Futures exchange are collocated and share the eSpeed platform

http://www.elxfutures.com/