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Nasdaq to close London derivatives exchange NLX

Decision to close the venture follows years of losses

Nasdaq to close London derivatives exchange NLX
Photo: Getty Images

Nasdaq has called time on the European interest-rate futures business it launched in 2013 and is now looking to shut the exchange and help customers wind down open positions.

April 28 will be the final day of trading on NLX, according to a January 31 market notice, which said that more information will be provided to participants in the coming days.

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