OnExchange, the US-based clearing and transaction processing technology developer and Future Dynamics, a derivatives technology developer, have launched Linqx, an order routing platform for single stock futures aimed at firms seeking to expand their single-stock futures volumes.

In July, the US Securities and Exchange Commission (SEC) cleared the way for trading in single-stock futures in the US following a 20-year absence. Single-stock futures are futures contracts on individual stocks and can be executed more cheaply and capital efficiently than traditional equities.