Nasdaq OMX expands London presence
17 April 2014 | 1204 views | 0
Source: Nasdaq OMX
The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) has expanded its London business to new, larger premises as the Group's presence in the capital continues to grow.
The move will bring together all of NASDAQ OMX's 150+ employees in London, following the 2013 acquisitions of Thomson Reuters' Investor Relations, Public Relations and Multimedia Solutions businesses and eSpeed, and the launch of the NLX derivatives market.
London as a global financial hub is a key market for NASDAQ OMX, which is a leading provider of trading, exchange technology, information and public company services, globally.
Key NASDAQ OMX London facts:
NLX is NASDAQ OMX's London derivatives platform for trading interest rate derivatives. In 10 months of operation NLX has achieved a moving average market share in EURIBOR® of approximately 10 percent and has attracted 27 participants.
NASDAQ OMX serves 31 cash equity and 41 derivatives customers in London trading the Nordic markets, with an additional 20 firms trading via sponsored access through London-based customers.
Approximately 65 percent of equities and 50 percent of derivatives volume on the NASDAQ OMX Nordic markets originate from the City
The company's Global Technology Solutions business has over 310 customers in London, who use both Corporate Solutions and Market Technology products, including market surveillance, risk and governance tools, investor services and multimedia solutions.
NASDAQ OMX's new offices are located in the heart of the City at Woolgate Exchange, 25 Basinghall Street.