Philadelphia Board of Trade

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See also The NASDAQ OMX Futures Exchange.

The NASDAQ OMX Futures Exchange (NFX), formerly the Philadelphia Board of Trade (PBOT) began as a futures exchange and a subsidary of the Philadelphia Stock Exchange commonly known as the PHLX. The U.S. Commodity Futures Trading Commission certified the Philadelphia Board of Trade as a designated contract market on May 26, 2006. NFX offers trading of IDEX USD Interest Rate Swap Futures, World Currency Futures and Sector Index Futures. NFX futures contracts are cash settled, not deliverable contracts.

The clearing house for IDEX USD Interest Rate Swap Futures contracts is International Derivatives Clearing House (IDCH). The clearing house for all other NFX trades is The Options Clearing Corporation (OCC).

As part of its Philadelphia Stock Exchange acquisition, NASDAQ acquired the futures market operated by the PBOT and the Stock Clearing Corporation of Philadelphia (SCCP) in July 2008.[1]. On January 20, 2009, NASDAQ OMX Group, Inc. renamed the Philadelphia Board of Trade the NASDAQ OMX Futures Exchange (NFX). As a result of this acquisition, the offerings of the PBOT were combined with NASDAQ's current offerings.


Ben Craig, previously vice president of Strategy & Futures for NASDAQ OMX U.S. transaction services serves as president of the NASDAQ OMX Futures Exchange. Craig is based in NASDAQ OMX's Philadelphia, PA offices. Craig joined NASDAQ OMX following the acquisition of The Philadelphia Stock Exchange in 2008.

Walt Smith is the general manager of PBOT in charge of general inquiries and Market Data. Dan Carrigan is the vice president for marketing and products. Dennis Boylan is head of Market Operations.


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