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FairX Color.png
Founded 2021
Headquarters Chicago
Key People Neal Brady, CEO, Clifford Lewis, Chairman
Website FairX.com

FairX is an exchange announced on May 26, 2021 which plans to offer smaller, simpler, more accessible futures for active individual investors. It is registered with the CFTC and will have self-regulating responsibilities.[1]

The co-founders of FairX are Neal Brady, CEO & board member, Harsha Bhat, chief technology officer and Clifford Lewis, board member.[2]


Fair Exchange or FairX is the name under which the exchange operates for LMX Labs, LLC, which is registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a designated contract market (“DCM”).

The exchange plans to launch in June 2021 offering low-cost, around-the-clock trading access to the most liquid asset classes in the global futures industry. Its initial product slate will 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.

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, owned by Deutsche Börse Group, will provide clearing services. [3] [4] [5]


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. The Series A round raised $6 million in November of 2019.

Products and Services[edit]

  • Bloomberg US Large Cap Index Futures
  • SuperTech Index Futures

Key People[edit]