Nasdaq OMX said today that it plans to launch a new London-based interest-rate derivatives platform, making it the latest exchange to attempt to break into the tight-knit European derivatives market.
The US-headquartered exchange operator said it plans to bring competition to the European derivatives market - which is dominated by NYSE Euronext's Liffe and Deutsche Börse's Eurex - through a new derivatives platform named Nasdaq OMX NLX.