With 25 years of futures and derivatives industry experience, Jaycobs has served as president of the Cantor Exchange, a CFTC-regulated exchange.
Prior to Cantor, Jaycobs was CEO of the Chicago-based Clearing Corporation (formerly the Board of Trade Clearing Corporation), CEO of onExchange, and managing director at the New York Cotton Exchange.
Jaycobs said that ELX has firmly established a liquid market and a diverse customer base for interest rate futures, and states that there is a challenge and opportunity to continue offering futures market participants a compelling fee structure, superior services and robust technology.
ELX Futures was launched in July 2009 by financial institutions, dealers, trading firms and a major electronic and voice broker and technology provider.
These include Bank of America Merrill Lynch, BGC Partners, Barclays Capital, Breakwater/Peak6, Deutsche Bank, Citi, Morgan Stanley, Goldman Sachs, Credit Suisse, RBS, JP Morgan, and Getco.
