Nasdaq OMX NLX adds TMX Atrium as preferred connectivity supplier

Source: TMX Atrium

TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced that it has been selected by Nasdaq OMX NLX ("NLX"), the new London interest-rate derivatives platform, to be one of its preferred connectivity suppliers.

NLX will offer a range of both short- and long-term interest rate (STIRs and LTIRs) euro- and sterling-denominated listed derivatives products from Q1, 2013. NLX is subject to Financial Services Authority approval.

NLX's decision to appoint TMX Atrium as one of its preferred connectivity partners is in direct recognition of the established and successful association between NASDAQ OMX and TMX Atrium throughout North America and Europe since 2009. In 2010 TMX Atrium expanded its infrastructure into Scandinavia to provide access across NASDAQ OMX and in 2011, TMX Atrium seamlessly migrated existing exchange members onto the NASDAQ OMX Genium INET derivatives platform.

TMX Atrium's sole focus on servicing the needs of the financial services community and its ability to deliver flexible connectivity enables easy infrastructure expansion into the NLX venue using the firm's existing scalable infrastructure and delivers connectivity choice into and out of the venue.

Emmanuel Carjat, Managing Director, TMX Atrium said, "We are delighted to announce that NLX has chosen TMX Atrium to deliver market access for members of their new venue. We operate as a venue neutral infrastructure provider to ensure that our community benefits from access to venues and markets as required. We anticipate that the new NLX venue will become an important trading destination for the global derivatives financial community."

Charlotte Crosswell, CEO, NLX, added, "As NLX moves closer to launch, providing the best connectivity to the market is extremely important. TMX Atrium has extensive knowledge and experience of our on-boarding procedures which allows our trading platform and exchange data to be accessed simply and immediately by a wider range of market participants. We look forward to continuing our work with the TMX Atrium team and developing NLX's membership throughout Europe." 

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