PR89695

CHICAGO, May 26, 2021 /PRNewswire=KYODO JBN/ --

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