Principal-to-principal trading will begin on NQLX following an analysis of marketplace readiness and submission to the CFTC of final specifications on clearing and internal regulatory arrangements.
Nasdaq Liffe Markets interim CEO Bob Fitzsimmons said, "The CFTC has put us one giant step closer to offering single stock futures to U.S. investors. We are excited and prepared to be the leader in single stock futures trading and are anticipating considerable interest in this product. Being the first exchange approved by the CFTC only heightens our drive to be the premier U.S. exchange for SSFs. The CFTC is to be applauded for quickly responding to the needs of the market."
The UK Treasury also has recognized Nasdaq Liffe Markets as an overseas investment exchange in the UK. This will allow NQLX to provide direct access to its market to members in the UK.
Headquartered in New York, Nasdaq Liffe Markets also has offices in London and Chicago. It will initially list single stock futures on the largest U.S. companies through LIFFE's electronic trading platform.
