Nasdaq-Liffe Markets
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| NQLX | |
| Logo goes here | |
| Founded | 2001, now defunct |
|---|---|
| Headquarters | Chicago/New York |
| Key People | Robert Fitzsimmons; Thomas Ascher |
| Products | single stock futures |
| Web site | (none) |
Nasdaq-Liffe Markets (NQLX) was an exchange created in 2000 as a joint venture between NASDAQ and LIFFE to offer trading in security futures, including single-stock futures. LIFFE CONNECT was the electronic trading platform for all NQLX trading, not surprising given the exchange's connection with LIFFE. Given the exchange's securities influence, the Options Clearing Corporation as was chosen as the clearing provider.
In October 2004, the exchange announced that it would no longer offer contracts for trading. The existing contracts were consolidated into positions at OneChicago.
History
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The partnership for NQLX was announced at the Futures Industry Association International Conference in Boca Raton, Florida, in 2001. NQLX was originally owned by NASDAQ and LIFFE. However, in 2003, NASDAQ exited the partnership as their business priorities shifted to other areas as top management changed.[1]
Thomas Ascher was the first chairman of NQLX. He was replaced by Robert Fitzsimmons, who served as president during a reorganization that halved the NQLX staffing.
When NASDAQ was searching for a partner to enter the newly legalized securities futures products, Trading Technologies was originally considered as a partner and technology provider.
NQLX was represented by Strategics, Inc.[2] who planned and executed their media relations strategy.
References
- ↑ Press Release. mondovisione. Retrieved on May 7, 2008.
- ↑ Strategics NQLX Case Study. Strategics, Inc. Retrieved on December 7, 2007.
