You may have heard the news: a new CFTC-regulated futures exchange, FairX, will be launching later this month. GFF Brokers, an NFA Member and a registered IB with the CFTC, will begin offering the futures contracts of 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, 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 said: “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.”
FairX™ 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 Börse Group.