Citi's LavaFlow ECN (FLOW) has completed the migration of its public quotations to the National Stock Exchange (NSX), the two organizations jointly announced today.
FLOW's quote migration to NSX from the Alternative Display Facility began December 14, 2009 and was fully completed February 27, 2010. NSX offers attribution for LavaFlow on the NSX Depth-of-Book feed, enabling clients to identify FLOW quotes by name in the full depth of NSX's book. In addition to NSX's direct feed, FLOW clients can still also receive a direct feed from Lava.
"The efficient transition of FLOW's quotes over to NSX bodes well for the future relationship between our organizations and the level of service our subscribers deserve," said John Procopion, President, FLOW. "We believe the performance of NSX's platform and the responsiveness of the NSX team will serve our subscribers well."
Joseph S. Rizzello, NSX Chief Executive Officer, said, "In choosing NSX as their primary quoting venue, FLOW has demonstrated their belief in our systems, our high quality service and in our management team. It is NSX's intention to exceed their expectations, providing their clients with consistent best-in-class stability and reliability."
FLOW provides complete ECN functionality and direct market access with GOTO routing. FLOW offers the ability to place and interact with dark liquidity, increasing the opportunity for price and size discovery, along with protected venue quoting.