The forthcoming Liquidity Exchange (ELX) is actually a Partnership of 12 financial institutions including: Bank of America Merrill Lynch Barclays Capital Citadel Citigroup Credit Suisse Deutsche Bank Securities eSpeed GETCO JPMorgan Peak6 The Royal Bank Of Scotland Been curious about why ELX is starting up rather than buying into ICE. They are both bank consortiums with a bead on CME; Are they just Interested in different sectors or will ELX move into energy etc.? What are you guys hearing that are close to the action? Thanks