Nasdaq given green light for European derivatives market

NLX will launch on May 31, providing a direct challenge to the dominance of NYSE Liffe and Eurex

Wednesday 29 May 2013 at 07:37

Nasdaq OMX will launch its London-based derivatives market at the end of this week, two months after it had initially expected to go live, marking a new wave of competition in European listed derivatives.

The trading venue had been awaiting regulatory approval to launch NLX from the UK's Financial Conduct Authority and the Bank of England.