11 December 2017
visit http://response.ncr.com

Nasdaq Liffe Markets wins CFTC approval

22 August 2001  |  3226 views  |  0 Nasdaq Liffe Markets wins CFTC approval

The Commodity Futures Trading Commission has approved Nasdaq Liffe Markets (NQXL) as a futures market and self-regulatory organisation for the trading of single stock futures. NQLX is the first US exchange to be approved to trade these new instruments.

Trading of single stock futures in the US was legalised with the repeal of the Shad-Johnson Accord. Principal-to-principal trading will begin on NQLX following an analysis of marketplace readiness and submission to the CFTC of final specifications on clearing and internal regulatory arrangements.

Nasdaq Liffe Markets interim CEO Bob Fitzsimmons says: “The CFTC has put us one giant step closer to offering single stock futures to US investors.”

The UK Treasury also has recognized Nasdaq Liffe Markets as an overseas investment exchange in the UK. This will allow NQLX to provide direct access to its market to members in the UK.

Headquartered in New York, the joint venture company also has offices in London and Chicago. It will initially list single stock futures on the largest US companies through Liffe’s electronic trading platform.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

OCC completes stock futures systems tests

OCC completes stock futures systems tests

17 August 2001  |  2917 views  |  0 comments
Langley quits as CEO of Nasdaq Liffe Markets

Langley quits as CEO of Nasdaq Liffe Markets

09 August 2001  |  2988 views  |  0 comments
Nasdaq Liffe Markets names Bob Fitzsimmons as head of operations

Nasdaq Liffe Markets names Bob Fitzsimmons as head of operations

03 August 2001  |  3009 views  |  0 comments
Pacific Exchange alumnus Langley  to head Nasdaq/Liffe venture

Pacific Exchange alumnus Langley to head Nasdaq/Liffe venture

25 June 2001  |  3131 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit http://info.nice.comvisit www.solutions.lexisnexis.comvisit www.response.ncr.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18350 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11256 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7500 views comments | 14 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6565 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5968 views comments | 5 tweets | 12 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job