DGAP-News: NASDAQ OMX NLX and LCH.Clearnet Receive Regulatory Approval to Launch Trading&Clearing for New Market
(firmenpresse) - The NASDAQ OMX Group, Inc.
29.05.2013 14:45
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NLX Launch Date Scheduled for Friday 31st May
LONDON, 2013-05-29 14:45 CEST (GLOBE NEWSWIRE) --
NASDAQ OMX NLX ('NLX'), the new London market offering a range of both
short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro- and
sterling-denominated listed derivative products on a single market, and
LCH.Clearnet Ltd. (LCH.Clearnet), the multi-national, multi-asset clearing
house, have received the necessary regulatory approvals to launch the NLX
market on Friday 31st May.
NLX will launch trading of futures products in 3-month EURIBOR(r), 3-month
Sterling, Long Gilt, 2-year Schatz, 5-year Bobl and 10-year Bund. All products
will be cleared through LCH.Clearnet.
'We have worked closely with the regulators in our application process and
would like to thank them for their efforts and support to create this new
market,' said Charlotte Crosswell, Chief Executive Officer of NLX. 'NLX has
collaborated with the market to develop a unique proposition that brings much
needed competition to European interest rate derivatives.
'We look forward to launching a market that provides ease of access, efficiency
and the flexibility to respond to customer demand and list new products
rapidly.'
Alberto Pravettoni, CEO, LCH.Clearnet's Repo and Exchanges business, said: 'We
are delighted with this milestone, which further demonstrates the regulatory
drive for an open, transparent and competitive market place. We look forward to
working with NLX to bring innovative risk management solutions to the European
interest rate derivatives market.'
About NLX
NLX is a new London market offering a range of both short-term interest rate
(STIRs) and long-term interest rate (LTIRs) euro- and sterling-based listed
derivative products. NLX aims to enhance the competitive landscape by providing
highly competitive execution and clearing fees and significant margin
efficiencies, thanks to the use of NASDAQ OMX proven Genium Inet technology and
a partnership with LCH.Clearnet. Follow us on twitter (at)tradenlx and LinkedIn
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.99+%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,300 listed
companies worth more than $6 trillion in market cap whose innovations shape our
world, we give the ideas of tomorrow access to capital today. Welcome to where
the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century.
To learn more, visit www.nasdaqomx.com. Follow us on Facebook
(www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol:
NDAQ and member of S&P 500).
About LCH.Clearnet
The LCH.Clearnet Group is a leading multi-asset class and multi-national
clearing house, serving major exchanges and platforms as well as a range of OTC
markets.
LCH.Clearnet's world-class risk management framework provides the markets with
exceptional levels of protection. Both the soundness of its risk management
approach and the resilience of its systems have been proven in recent times. As
demand for robust clearing services continues to grow, LCH.Clearnet is
committed to setting and maintaining the highest standards across all asset
classes cleared.
For more information on LCH.Clearnet visit www.lchclearnet.com/media_centre
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
NLX and NASDAQ OMX's other products and offerings. We caution that these
statements are not guarantees of future performance. Actual results may differ
materially from those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond NASDAQ OMX's control. These factors include, but are not limited
to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic
reports filed with the U.S. Securities and Exchange Commission. We undertake no
obligation to release any revisions to any forward-looking statements.
NASDAQ OMX NLX Limited ('NLX') is authorised and regulated by the Financial
Conduct Authority. NLX is a company registered in England and Wales with number
7774388 whose registered office is at 131 Finsbury Pavement, London, EC2A 1NT.
Insofar as the content of this communication is considered a financial
promotion for the purposes of section 21 Financial Services and Markets Act
2000 ('FSMA'), it is not communicated or approved by a person authorised under
FSMA. This communication is directed only at persons to whom NLX may lawfully
make financial promotions ('Relevant Persons') including persons who have
professional experience in matters relating to investments who are 'investment
professionals' within the meaning of article 19 of the FSMA (Financial
Promotion) Order of 2005. This communication must not be distributed to, acted
on or relied upon by persons who are not Relevant Persons.
CONTACT: MEDIA RELATIONS CONTACT:
Thom Lant
+44 207 065 8064
+44 788 038 1992
thom.lant(at)nlx.co.uk
MEDIA RELATIONS CONTACT:
Robert Madden
+1 646 441 5045
+1 347 740 0191
robert.madden(at)nasdaqomx.com
News Source: NASDAQ OMX
29.05.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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Datum: 29.05.2013 - 14:45 Uhr
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